Post Utme Babcock University 2024 Commerce Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 25 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A person in Nigeria has a savings account with a bank. The account earns an interest rate of 10% per annum. If the person deposits ₦50,000 into the account and leaves it for 5 years, what is the total amount in the account after 5 years?

Answer Options

A. ₦65,000
B. ₦70,000
C. ₦75,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Babcock University 2024 Commerce Question 25. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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