Waec Model Questions Vol1 2020 Commerce Question 9
Practice objective / multiple choice question 9 from the 2020 Waec Model Questions Vol1 Commerce examination.
A customer deposits ₦200,000 in a bank that offers a nominal annual interest rate of 12 % compounded quarterly. After 2 years the customer withdraws half of the amount in the account and leaves the remainder for another 3 years under the same terms. How much money will the customer have at the end of the 5‑year period? (Round to the nearest naira.)
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 9. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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