Post Utme Covenant University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2020 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Covenant University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Covenant University Commerce examination.

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