Post Utme Bowen University 2018 Commerce Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 33 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A bank offers a 5% interest rate on a savings account. If a customer deposits ₦10,000 into the account, how much interest will the customer earn in one year?

Answer Options

Correct Answer A. ₦500
B. ₦1,000
C. ₦2,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Bowen University 2018 Commerce Question 33. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support