Post Utme Ims U 2017 Commerce Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 37 POST_UTME_IMS_U • 2017 • COMMERCE • objective

A company has two business units, X and Y. Unit X has an initial capital of ₦500,000 and an expected annual growth rate of 10%. Unit Y has an initial capital of ₦300,000 and an expected annual growth rate of 15%. What is the total value of both units after 5 years?

Answer Options

Correct Answer A. ₦1,628,919
B. ₦1,632,919
C. ₦1,638,919
D. ₦1,642,919
Correct Answer
A
Correct Option:
₦1,628,919

About This Question

This is Post Utme Ims U 2017 Commerce Question 37. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

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