Post Utme Skyline University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with a principal amount of ₦100,000 and an interest rate of 10% per annum compounded annually. What is the future value of the investment after 5 years?

Answer Options

Correct Answer A. ₦163,918.19
B. ₦164,918.19
C. ₦165,918.19
D. ₦166,918.19
Correct Answer
A
Correct Option:
₦163,918.19

About This Question

This is Post Utme Skyline University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Skyline University Commerce examination.

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