Post Utme Ims U 2025 Commerce Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Ims U Commerce examination.

Post Utme Ims U 2025 Commerce Objective / Multiple Choice
Question 12 POST_UTME_IMS_U • 2025 • COMMERCE • objective

A company has a cash reserve of ₦1,500,000 and wants to invest in a project with a 10% annual return. How much will the company have after 5 years, assuming compound interest?

Answer Options

Correct Answer A. ₦2,628,919.37
B. ₦2,500,000
C. ₦2,000,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦2,628,919.37

About This Question

This is Post Utme Ims U 2025 Commerce Question 12. It is one of the objective questions from the 2025 Post Utme Ims U Commerce examination.

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