Post Utme Esut 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Esut Commerce examination.

Post Utme Esut 2023 Commerce Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2023 • COMMERCE • objective

A bank in Nigeria offers a savings account with a fixed interest rate of 5% per annum. If a customer deposits ₦10,000 into the account, how much interest will the customer earn in one year?

Answer Options

Correct Answer A. ₦500
B. ₦500.01
C. ₦500.50
D. ₦500.51
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Esut 2023 Commerce Question 18. It is one of the objective questions from the 2023 Post Utme Esut Commerce examination.

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