Post Utme Summit University 2022 Commerce Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 34 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A company is considering launching a new product. The company's marketing team has estimated that the product will generate ₦500,000 in revenue in the first year, with a growth rate of 10% per annum. What is the total revenue generated by the product over a period of 5 years?

Answer Options

A. ₦2,500,000
B. ₦3,000,000
C. ₦3,500,000
Correct Answer D. ₦4,000,000
Correct Answer
D
Correct Option:
₦4,000,000

About This Question

This is Post Utme Summit University 2022 Commerce Question 34. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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