Post Utme Oau 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Oau Commerce examination.

Post Utme Oau 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2022 • COMMERCE • objective

A bank's interest rate is 10% per annum. If a customer deposits ₦100,000 for 2 years, what is the total interest earned?

Answer Options

A. ₦20,000
B. ₦21,000
Correct Answer C. ₦22,000
D. ₦23,000
Correct Answer
C
Correct Option:
₦22,000

About This Question

This is Post Utme Oau 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Oau Commerce examination.

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