Post Utme Unilorin 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNILORIN • 2023 • COMMERCE • objective

A customer deposits ₦10,000 into their bank account. The bank offers a 5% interest rate per annum compounded annually. What is the amount in the customer's account after 2 years?

Answer Options

A. ₦10,522.50
Correct Answer B. ₦10,525.00
C. ₦10,527.50
D. ₦10,530.00
Correct Answer
B
Correct Option:
₦10,525.00

About This Question

This is Post Utme Unilorin 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Unilorin Commerce examination.

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