Post Utme Rhema University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_RHEMA_UNIVERSITY • 2017 • COMMERCE • objective

A bank's interest rate is 12% per annum. If a customer deposits ₦10,000 for 2 years, how much interest will the customer earn?

Answer Options

Correct Answer A. ₦2,400
B. ₦2,500
C. ₦2,600
D. ₦2,700
Correct Answer
A
Correct Option:
₦2,400

About This Question

This is Post Utme Rhema University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Rhema University Commerce examination.

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