Post Utme Madonna University 2021 Commerce Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A bank offers a 10% interest rate on deposits. If a customer deposits ₦500, how much interest will the customer earn in one year?

Answer Options

Correct Answer A. ₦50
B. ₦55
C. ₦60
D. ₦65
Correct Answer
A
Correct Option:
₦50

About This Question

This is Post Utme Madonna University 2021 Commerce Question 5. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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