Post Utme Noun 2021 Commerce Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Noun Commerce examination.

Post Utme Noun 2021 Commerce Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2021 • COMMERCE • objective

A bank offers a 5% interest rate on a deposit of ₦10,000 for 2 years. What is the total interest earned?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,050
C. ₦1,100
D. ₦1,200
Correct Answer
B
Correct Option:
₦1,050

About This Question

This is Post Utme Noun 2021 Commerce Question 8. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.

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