Post Utme Futo 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Futo Commerce examination.

Post Utme Futo 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2018 • COMMERCE • objective

A bank offers a 5% annual interest rate on deposits. If a customer deposits ₦10,000 for 2 years, how much interest will the customer earn?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,050
C. ₦1,100
D. ₦1,150
Correct Answer
B
Correct Option:
₦1,050

About This Question

This is Post Utme Futo 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.

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