Waec Model Questions Vol1 2023 Commerce Question 7
Practice objective / multiple choice question 7 from the 2023 Waec Model Questions Vol1 Commerce examination.
A customer deposits ₦500,000 in a savings account that pays a nominal annual interest rate of 6% compounded monthly. A maintenance fee of ₦1,200 is deducted at the beginning of each month. What is the account balance after 24 months? (Round to the nearest naira.)
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 7. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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