Post Utme Pan Atlantic University 2025 Commerce Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2025 Commerce Objective / Multiple Choice
Question 2 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000, what is the future value of the investment after 5 years?

Answer Options

Correct Answer A. ₦164,087.42
B. ₦164,087.41
C. ₦164,087.40
D. ₦164,087.39
Correct Answer
A
Correct Option:
₦164,087.42

About This Question

This is Post Utme Pan Atlantic University 2025 Commerce Question 2. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Commerce examination.

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