Post Utme Afe Babalola University 2020 Commerce Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 18 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A bank offers a 5% interest rate on a 1-year fixed deposit. If the principal amount is ₦10,000, what is the interest earned?

Answer Options

A. ₦500
Correct Answer B. ₦500.50
C. ₦500.25
D. ₦500.50
Correct Answer
B
Correct Option:
₦500.50

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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