Post Utme Unilorin 2017 Geography Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Unilorin Geography examination.

Post Utme Unilorin 2017 Geography Objective / Multiple Choice
Question 39 POST_UTME_UNILORIN • 2017 • GEOGRAPHY • objective

A company is considering the installation of a new solar panel system to generate electricity. The system will require an initial investment of ₦10 million and will generate annual savings of ₦1.5 million for the next 10 years. Calculate the payback period of the investment, assuming a discount rate of 8%.

Answer Options

A. 5 years
Correct Answer B. 6 years
C. 7 years
D. 8 years
Correct Answer
B
Correct Option:
6 years

About This Question

This is Post Utme Unilorin 2017 Geography Question 39. It is one of the objective questions from the 2017 Post Utme Unilorin Geography examination.

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