Post Utme Mountain Top University 2019 Commerce Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 32 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

A bank offers a 5% annual interest rate on a fixed deposit account. If a customer deposits ₦10,000 for 2 years, how much interest will the customer 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 Mountain Top University 2019 Commerce Question 32. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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