Post Utme Mountain Top University 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • COMMERCE • objective

A bank offers a 5% interest rate on deposits. If a customer deposits ₦10,000 for 1 year, how much interest will they earn?

Answer Options

Correct Answer A. ₦500
B. ₦500.50
C. ₦500.50
D. ₦500.50
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Mountain Top University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Mountain Top University Commerce examination.

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