Post Utme Covenant University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A government agency issued ₦1,000,000,000 worth of 5-year bonds at a 10% annual interest rate. If the agency receives a total of ₦1,050,000,000 from the sale of these bonds, what is the total amount of interest received?

Answer Options

A. ₦50,000,000
B. ₦60,000,000
C. ₦70,000,000
Correct Answer D. ₦80,000,000
Correct Answer
D
Correct Option:
₦80,000,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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