Post Utme Summit University 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A bank offers a credit card with a 20% interest rate and a 2% annual fee. If the customer's outstanding balance is ₦10,000, what is the total interest paid per year?

Answer Options

A. ₦2,000
Correct Answer B. ₦2,400
C. ₦2,800
D. ₦3,200
Correct Answer
B
Correct Option:
₦2,400

About This Question

This is Post Utme Summit University 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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