Post Utme Ksu 2025 Commerce Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Ksu Commerce examination.

Post Utme Ksu 2025 Commerce Objective / Multiple Choice
Question 27 POST_UTME_KSU • 2025 • COMMERCE • objective

A company issues a promissory note to a bank with a face value of ₦100,000. If the interest rate is 10% per annum, compounded annually, what is the amount due after 2 years?

Answer Options

A. ₦121,000
Correct Answer B. ₦122,000
C. ₦123,000
D. ₦124,000
Correct Answer
B
Correct Option:
₦122,000

About This Question

This is Post Utme Ksu 2025 Commerce Question 27. It is one of the objective questions from the 2025 Post Utme Ksu Commerce examination.

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