Neco 2024 Commerce Question 5
Practice objective / multiple choice question 5 from the 2024 Neco Commerce examination.
A buyer obtains credit of \(\text{₦}200,000\) from a supplier, payable in \(90\) days. The simple interest rate is \(12\%\) per annum. What amount must the buyer pay at the end of the credit period?
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About This Question
This is Neco 2024 Commerce Question 5. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Easy .
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