Post Utme Achievers University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • COMMERCE • objective

A bank offers a 5% interest rate on deposits. If a customer deposits ₦10,000 for 2 years, how much interest will the customer earn?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Achievers University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Achievers University 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