Gce Model Questions Vol1 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2023 Commerce Objective / Multiple Choice Easy Difficulty
Question 8 GCE_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A trader needs to purchase US $3{,}500. The bank's quoted buying rate is \(\text{₦}415\) per US $. The bank charges a commission of 1.2 % on the Naira amount. How many Naira does the trader pay in total?

Answer Options

Correct Answer A. 1469930
B. 1452500
C. 1626800
D. 1470140
Correct Answer
A
Correct Option:
1469930

About This Question

This is Gce Model Questions Vol1 2023 Commerce Question 8. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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