Post Utme Lautech 2021 Commerce Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A bank offers a 6% interest rate on a savings account. If a customer deposits ₦10,000, how much will the customer earn in interest after 1 year?

Answer Options

A. ₦600
B. ₦800
C. ₦1,000
Correct Answer D. ₦1,200
Correct Answer
D
Correct Option:
₦1,200

About This Question

This is Post Utme Lautech 2021 Commerce Question 8. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support