Post Utme Christopher University 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 12% per annum. If a customer deposits ₦100,000, what is the total amount at the end of the 5-year period?

Answer Options

Correct Answer A. ₦163,217.89
B. ₦165,000
C. ₦167,000
D. ₦169,000
Correct Answer
A
Correct Option:
₦163,217.89

About This Question

This is Post Utme Christopher University 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Christopher University Commerce examination.

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