Post Utme Delsu 2021 Commerce Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Delsu Commerce examination.

Post Utme Delsu 2021 Commerce Objective / Multiple Choice
Question 29 POST_UTME_DELSU • 2021 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 8% 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. ₦121,092
B. ₦120,000
C. ₦119,000
D. ₦118,000
Correct Answer
A
Correct Option:
₦121,092

About This Question

This is Post Utme Delsu 2021 Commerce Question 29. It is one of the objective questions from the 2021 Post Utme Delsu Commerce examination.

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