Post Utme Aaua 2019 Commerce Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Aaua Commerce examination.

Post Utme Aaua 2019 Commerce Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2019 • COMMERCE • objective

A bank's customer deposits ₦100,000 into their savings account. The bank offers a 5% interest rate per annum, compounded annually. Calculate the amount in the customer's account after 2 years.

Answer Options

Correct Answer A. ₦110,250
B. ₦110,500
C. ₦110,750
D. ₦111,000
Correct Answer
A
Correct Option:
₦110,250

About This Question

This is Post Utme Aaua 2019 Commerce Question 2. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.

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