Post Utme Futo 2019 Commerce Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2019 • COMMERCE • objective

A bank's customer deposits ₦100,000 into their account. The bank charges a 2% monthly interest rate. How much interest will the customer earn in 6 months?

Answer Options

A. ₦12,000
Correct Answer B. ₦15,000
C. ₦18,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Futo 2019 Commerce Question 29. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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