Post Utme Uniben 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_UNIBEN • 2020 • COMMERCE • objective

A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?

Answer Options

Correct Answer A. ₦12,736.04
B. ₦12,736.16
C. ₦12,736.28
D. ₦12,736.40
Correct Answer
A
Correct Option:
₦12,736.04

About This Question

This is Post Utme Uniben 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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