Post Utme Summit University 2024 Commerce Question 37
Practice objective / multiple choice question 37 from the 2024 Post Utme Summit University Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for their business. The equipment costs ₦500,000 and is expected to last for 5 years. The sole trader expects to save ₦20,000 per year by using the equipment. What is the payback period of the equipment?
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About This Question
This is Post Utme Summit University 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.
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