Post Utme Uniosun 2024 Commerce Question 8
Practice objective / multiple choice question 8 from the 2024 Post Utme Uniosun Commerce examination.
A bank offers a credit card with an annual interest rate of 20% and a minimum payment of 2% of the outstanding balance. What is the effective interest rate for the first year?
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About This Question
This is Post Utme Uniosun 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Uniosun Commerce examination.
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