Post Utme Nile University 2023 Commerce Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

A bank offers a savings account with a 5% annual interest rate. If a customer deposits ₦100,000 into the account, how much will the customer have in the account after one year, assuming no withdrawals or deposits are made?

Answer Options

A. ₦105,000
B. ₦110,000
C. ₦115,000
Correct Answer D. ₦120,000
Correct Answer
D
Correct Option:
₦120,000

About This Question

This is Post Utme Nile University 2023 Commerce Question 20. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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