Post Utme Babcock University 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum. If a customer deposits ₦100,000, how much will the customer receive at the end of the 5-year period?

Answer Options

Correct Answer A. ₦162,887.43
B. ₦163,887.43
C. ₦164,887.43
D. ₦165,887.43
Correct Answer
A
Correct Option:
₦162,887.43

About This Question

This is Post Utme Babcock University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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