Post Utme Unilag 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an annual interest rate of 12%. How much interest will be paid after 2 years?

Answer Options

A. ₦120,000
Correct Answer B. ₦240,000
C. ₦360,000
D. ₦480,000
Correct Answer
B
Correct Option:
₦240,000

About This Question

This is Post Utme Unilag 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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