Post Utme Ims U 2017 Commerce Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2017 • COMMERCE • objective

A bank customer deposits ₦100,000 into a savings account with an interest rate of 5% per annum compounded annually. What is the amount in the account after 2 years?

Answer Options

Correct Answer A. ₦110,250
B. ₦110,500
C. ₦110,750
D. ₦111,000
Correct Answer
A
Correct Option:
₦110,250

About This Question

This is Post Utme Ims U 2017 Commerce Question 23. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

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