Post Utme Uniport 2020 Commerce Question 29
Practice objective / multiple choice question 29 from the 2020 Post Utme Uniport Commerce examination.
A bank offers a 5-year fixed-rate loan with an annual interest rate of 8%. If the loan amount is ₦1,000,000, what is the total interest paid over the 5-year period?
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About This Question
This is Post Utme Uniport 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.
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