Post Utme Lasu 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Lasu Commerce examination.

Post Utme Lasu 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2025 • COMMERCE • objective

A bank offers a 5% annual interest rate on deposits. If a customer deposits ₦10,000 for 2 years, how much interest will they earn?

Answer Options

A. ₦500
Correct Answer B. ₦1,000
C. ₦1,500
D. ₦2,000
Correct Answer
B
Correct Option:
₦1,000

About This Question

This is Post Utme Lasu 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Lasu Commerce examination.

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