Post Utme Abu 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_ABU • 2017 • COMMERCE • objective

A bank's interest rate is 12% per annum compounded annually. If ₦10,000 is invested for 3 years, what is the future value of the investment?

Answer Options

A. ₦12,984.24
B. ₦13,984.24
Correct Answer C. ₦14,984.24
D. ₦15,984.24
Correct Answer
C
Correct Option:
₦14,984.24

About This Question

This is Post Utme Abu 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support