Post Utme Al Hikmah University 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ECONOMICS • objective

A country's money supply is increa\sing at a rate of 10% per annum. If the country's initial money supply is ₦100 billion, what is the money supply after 5 years?

Answer Options

Correct Answer A. ₦161.05 billion
B. ₦162.05 billion
C. ₦163.05 billion
D. ₦164.05 billion
Correct Answer
A
Correct Option:
₦161.05 billion

About This Question

This is Post Utme Al Hikmah University 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Economics examination.

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