Post Utme Covenant University 2023 Commerce Question 3
Practice objective / multiple choice question 3 from the 2023 Post Utme Covenant University Commerce examination.
A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, how much will the customer have at the end of the fifth year?
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About This Question
This is Post Utme Covenant University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.
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