Post Utme Igbinedion University 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2019 Commerce Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • COMMERCE • objective

A bank has a 5% interest rate on a savings account, and a 10% interest rate on a certificate of deposit. If a customer has 1000 in a savings account and 500 in a certificate of deposit, what is the total interest earned after one year?

Answer Options

A. ₦125
Correct Answer B. ₦150
C. ₦175
D. ₦200
Correct Answer
B
Correct Option:
₦150

About This Question

This is Post Utme Igbinedion University 2019 Commerce Question 20. It is one of the objective questions from the 2019 Post Utme Igbinedion University Commerce examination.

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