Post Utme Ims U 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Ims U Commerce examination.

Post Utme Ims U 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2019 • COMMERCE • objective

A bank offers a 5% interest rate on a 1-year fixed deposit. If a customer deposits ₦10,000, how much interest will the customer earn in 1 year?

Answer Options

Correct Answer A. ₦500
B. ₦500.50
C. ₦500.25
D. ₦500.10
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Ims U 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.

View More Post Utme Ims U 2019 Commerce Questions More Post Utme Ims U Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support