Post Utme Uniport 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A bank's customer account is overdrawn by ₦50,000. The bank charges an overdraft fee of 5% per annum on the overdrawn amount. What is the total amount the customer must pay to settle the overdraft?

Answer Options

A. ₦55,000
B. ₦57,500
Correct Answer C. ₦60,000
D. ₦62,500
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Uniport 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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