Post Utme Ims U 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Ims U Commerce examination.

Post Utme Ims U 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2023 • COMMERCE • objective

A company is considering two investment options: Option A, which has a 5% annual return, and Option B, which has a 7% annual return. If the company invests ₦100,000 in each option, how much more money will it have after 5 years if it chooses Option B?

Answer Options

A. ₦122,976
B. ₦130,000
Correct Answer C. ₦132,976
D. ₦140,000
Correct Answer
C
Correct Option:
₦132,976

About This Question

This is Post Utme Ims U 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.

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