Waec Model Questions Vol1 2019 Commerce Question 21
Practice objective / multiple choice question 21 from the 2019 Waec Model Questions Vol1 Commerce examination.
A customer deposits ₦150,000 in a bank that offers 12% per annum compound interest, compounded semi‑annually. At the end of each half‑year the bank also deducts a service charge equal to 0.5% of the balance after interest has been credited. What amount will be in the account after 3 years?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 21. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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