Post Utme Oau 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Oau Commerce examination.

Post Utme Oau 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_OAU • 2022 • COMMERCE • objective

A bank offers a 5% interest rate on deposits. If a customer deposits ₦100,000, what is the interest earned after 1 year?

Answer Options

Correct Answer A. 5,000
B. 10,000
C. 15,000
D. 20,000
Correct Answer
A
Correct Option:
5,000

About This Question

This is Post Utme Oau 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Oau Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support