Post Utme Rsu 2020 General Studies Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Rsu General Studies examination.

Post Utme Rsu 2020 General Studies Objective / Multiple Choice
Question 9 POST_UTME_RSU • 2020 • GENERAL STUDIES • objective

A company is considering investing in a new project. The project requires an initial investment of ₦5 million and is expected to generate a profit of ₦2 million per year for 3 years. What is the payback period of the project?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Rsu 2020 General Studies Question 9. It is one of the objective questions from the 2020 Post Utme Rsu General Studies examination.

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