Post Utme Bells University 2025 Commerce Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Bells University Commerce examination.

Post Utme Bells University 2025 Commerce Objective / Multiple Choice
Question 38 POST_UTME_BELLS_UNIVERSITY • 2025 • COMMERCE • objective

A bank's interest rate on a savings account is 5% per annum. If a customer deposits ₦100,000 into the account, how much interest will they earn in one year?

Answer Options

A. ₦5,000
Correct Answer B. ₦5,500
C. ₦6,000
D. ₦6,500
Correct Answer
B
Correct Option:
₦5,500

About This Question

This is Post Utme Bells University 2025 Commerce Question 38. It is one of the objective questions from the 2025 Post Utme Bells University Commerce examination.

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