Post Utme Unilag 2025 Commerce Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Unilag Commerce examination.

Post Utme Unilag 2025 Commerce Objective / Multiple Choice
Question 10 POST_UTME_UNILAG • 2025 • COMMERCE • objective

A bank has a policy of paying interest on deposits at a rate of 5% per annum. If a customer deposits ₦100,000 for one year, what is the total amount the customer will receive at the end of the year?

Answer Options

A. ₦105,000
B. ₦110,000
Correct Answer C. ₦115,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦115,000

About This Question

This is Post Utme Unilag 2025 Commerce Question 10. It is one of the objective questions from the 2025 Post Utme Unilag Commerce examination.

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