Post Utme Noun 2019 Commerce Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Noun Commerce examination.

Post Utme Noun 2019 Commerce Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2019 • COMMERCE • objective

A bank's balance sheet is given by Assets = ₦100,000, Liabilities = ₦50,000, and Equity = ₦50,000. If the bank increases its assets by 10% and its liabilities by 5%, what is the new equity?

Answer Options

A. ₦55,000
B. ₦60,000
Correct Answer C. ₦65,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦65,000

About This Question

This is Post Utme Noun 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Noun Commerce examination.

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