Post Utme Unilorin 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company has a debt of ₦50,000 due in 5 years. The company uses the present value method to calculate the interest on the debt. Calculate the interest on the debt for the first year.

Answer Options

Correct Answer A. ₦10,000
B. ₦9,000
C. ₦8,000
D. ₦7,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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