Post Utme Ims U 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Ims U Commerce examination.

Post Utme Ims U 2025 Commerce Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with a 12% annual interest rate. If a customer deposits ₦500,000, how much will they receive at the end of the term, assuming compound interest?

Answer Options

Correct Answer A. ₦814,169.19
B. ₦800,000
C. ₦750,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦814,169.19

About This Question

This is Post Utme Ims U 2025 Commerce Question 15. It is one of the objective questions from the 2025 Post Utme Ims U Commerce examination.

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