Post Utme Unilorin 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2019 • COMMERCE • objective

A bank's interest rate is 12% per annum. If a customer deposits ₦10,000 for 2 years, what is the total interest earned?

Answer Options

A. ₦2,400
Correct Answer B. ₦2,500
C. ₦2,600
D. ₦2,700
Correct Answer
B
Correct Option:
₦2,500

About This Question

This is Post Utme Unilorin 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Unilorin Commerce examination.

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