Post Utme Uniosun 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNIOSUN • 2018 • COMMERCE • objective

A consumer purchases a product on credit from a store. The store charges a 10% interest rate on the purchase price. If the purchase price is ₦10,000, how much will the consumer pay at the end of the credit period?

Answer Options

A. ₦11,000
Correct Answer B. ₦11,100
C. ₦11,200
D. ₦11,300
Correct Answer
B
Correct Option:
₦11,100

About This Question

This is Post Utme Uniosun 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Uniosun Commerce examination.

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