Post Utme Joseph Ayo Babalola University 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A bank offers a 5% interest rate on a savings account. If a customer deposits ₦1000, how much interest will they earn in one year?

Answer Options

Correct Answer A. ₦50
B. ₦50.25
C. ₦50.50
D. ₦50.75
Correct Answer
A
Correct Option:
₦50

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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