Post Utme Eksu 2018 General Studies Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Eksu General Studies examination.

Post Utme Eksu 2018 General Studies Objective / Multiple Choice
Question 28 POST_UTME_EKSU • 2018 • GENERAL STUDIES • objective

A company wants to calculate the interest earned on an investment of ₦10,000 at an annual interest rate of 5%. Which of the following formulas should be used?

Answer Options

A. \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time}
B. \text{Interest} = \text{Principal} \times \text{Rate}
C. \text{Interest} = \text{Principal} \times \text{Time}
D. \text{Interest} = \text{Rate} \times \text{Time}
Correct Answer
N/A

About This Question

This is Post Utme Eksu 2018 General Studies Question 28. It is one of the objective questions from the 2018 Post Utme Eksu General Studies examination.

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