Post Utme Nile University 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Nile University Commerce examination.

Post Utme Nile University 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_NILE_UNIVERSITY • 2020 • 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 the customer earn?

Answer Options

Correct Answer A. ₦1,000
B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Nile University 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Nile University Commerce examination.

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