Post Utme Ims U 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Ims U Commerce examination.

Post Utme Ims U 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000, what is the future value of the investment after 5 years?

Answer Options

Correct Answer A. ₦161,051.18
B. ₦161,051.19
C. ₦161,051.20
D. ₦161,051.21
Correct Answer
A
Correct Option:
₦161,051.18

About This Question

This is Post Utme Ims U 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Ims U Commerce examination.

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