Post Utme Caleb University 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

Correct Answer A. ₦162,887.50
B. ₦165,000
C. ₦170,000
D. ₦175,000
Correct Answer
A
Correct Option:
₦162,887.50

About This Question

This is Post Utme Caleb University 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Caleb University Commerce examination.

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