Post Utme Summit University 2025 Commerce Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Summit University Commerce examination.

Post Utme Summit University 2025 Commerce Objective / Multiple Choice
Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 12% 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. ₦163,922.71
B. ₦164,000
C. ₦165,000
D. ₦166,000
Correct Answer
A
Correct Option:
₦163,922.71

About This Question

This is Post Utme Summit University 2025 Commerce Question 33. It is one of the objective questions from the 2025 Post Utme Summit University Commerce examination.

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