Post Utme Summit University 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2021 • 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

A. ₦2,400
B. ₦2,800
Correct Answer C. ₦3,200
D. ₦3,600
Correct Answer
C
Correct Option:
₦3,200

About This Question

This is Post Utme Summit University 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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