Waec Model Questions Vol1 2021 Civic Education Question 22
Practice objective / multiple choice question 22 from the 2021 Waec Model Questions Vol1 Civic Education examination.
A civil servant started his career with a basic monthly salary of ₦500,000. Every four years his salary is increased by 12 % compounded. After completing 20 years of service he retires. His pension is calculated as 70 % of his last drawn basic salary. What is his monthly pension, rounded to the nearest naira?
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About This Question
This is Waec Model Questions Vol1 2021 Civic Education Question 22. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Civic Education examination.
Difficulty level: Medium .
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