Post Utme Unilag 2020 Geography Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Unilag Geography examination.

Post Utme Unilag 2020 Geography Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2020 • GEOGRAPHY • objective

A company is planning to invest in a new project. The initial investment is ₦1,000,000 and the expected return is 10% per annum. If the company wants to break even in 5 years, what is the minimum amount it should invest each year?

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Unilag 2020 Geography Question 3. It is one of the objective questions from the 2020 Post Utme Unilag Geography examination.

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