Post Utme Lasu 2021 Commerce Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice
Question 10 POST_UTME_LASU • 2021 • COMMERCE • objective

A bank offers a 5% interest rate on deposits. If a customer deposits ₦10,000 for 2 years, what is the total interest earned?

Answer Options

A. ₦1,000
B. ₦2,000
C. ₦3,000
Correct Answer D. ₦4,000
Correct Answer
D
Correct Option:
₦4,000

About This Question

This is Post Utme Lasu 2021 Commerce Question 10. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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