Post Utme Futa 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Futa Commerce examination.

Post Utme Futa 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_FUTA • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum compounded annually. If the principal amount is ₦100,000, what is the future value of the investment after 5 years?

Answer Options

Correct Answer A. ₦163,922.78
B. ₦164,922.78
C. ₦165,922.78
D. ₦166,922.78
Correct Answer
A
Correct Option:
₦163,922.78

About This Question

This is Post Utme Futa 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Futa Commerce examination.

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