Post Utme Unn 2020 Commerce Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Unn Commerce examination.

Post Utme Unn 2020 Commerce Objective / Multiple Choice
Question 18 POST_UTME_UNN • 2020 • COMMERCE • objective

A bank offers a loan with an annual interest rate of 12%. If the loan amount is ₦100,000, what is the interest paid after 1 year?

Answer Options

Correct Answer A. ₦12,000
B. ₦10,000
C. ₦8,000
D. ₦6,000
Correct Answer
A
Correct Option:
₦12,000

About This Question

This is Post Utme Unn 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.

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