Post Utme Christopher University 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with a 12% annual interest rate. If a customer deposits ₦100,000, how much will they receive at the end of the 5-year period?

Answer Options

A. ₦132,000
B. ₦135,000
C. ₦137,000
Correct Answer D. ₦140,000
Correct Answer
D
Correct Option:
₦140,000

About This Question

This is Post Utme Christopher University 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Christopher University Commerce examination.

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