Post Utme Rsu 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Rsu Commerce examination.

Post Utme Rsu 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2025 • COMMERCE • objective

A bank offers a credit card with a 20% annual interest rate and a 2% annual fee. If a customer has a balance of ₦10,000 and makes a payment of ₦5,000, what is the new balance after one year?

Answer Options

Correct Answer A. ₦12,000
B. ₦11,000
C. ₦10,000
D. ₦9,000
Correct Answer
A
Correct Option:
₦12,000

About This Question

This is Post Utme Rsu 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Rsu Commerce examination.

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