Post Utme Al Hikmah University 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 14 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • COMMERCE • objective

A bank's interest rate is 10% per annum compounded annually. If a customer deposits ₦10,000 for 2 years, how much will they have after 2 years?

Answer Options

A. ₦11,000
Correct Answer B. ₦11,100
C. ₦11,200
D. ₦11,300
Correct Answer
B
Correct Option:
₦11,100

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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