Post Utme Delsu 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Delsu Commerce examination.

Post Utme Delsu 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_DELSU • 2021 • COMMERCE • objective

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?

Answer Options

Correct Answer A. ₦134,485.92
B. ₦134,485.93
C. ₦134,485.94
D. ₦134,485.95
Correct Answer
A
Correct Option:
₦134,485.92

About This Question

This is Post Utme Delsu 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Delsu Commerce examination.

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