Post Utme Abu 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2017 • COMMERCE • objective

A bank's interest rate is 12% per annum compounded quarterly. If ₡,000 is deposited at the beginning of the first quarter, how much will be in the account at the end of the second year?

Answer Options

Correct Answer A. ₡,628.16
B. ₡,628.32
C. ₡,628.48
D. ₡,628.64
Correct Answer
A
Correct Option:
₡,628.16

About This Question

This is Post Utme Abu 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

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