Post Utme Esut 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2024 • COMMERCE • objective

A bank offers a 5% interest rate on a 1-year fixed deposit. If the principal amount is ₦10,000, what is the interest earned?

Answer Options

Correct Answer A. ₦500
B. ₦500.50
C. ₦500.25
D. ₦500.75
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Esut 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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