Gh-gra-customs-aptitude Practice Questions - Ghana Revenue Authority Customs Recruitment Aptitude Test Exam

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An importer defaults on paying a tariff of 50,000 GHS. GRA charges a simple interest rate of 12% per annum on outstanding duties. How much interest is accrued after 6 months?

3,000 GHS 6,000 GHS 1,500 GHS 4,000 GHS

Correct Answer:

3,000 GHS

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