Post Utme Uniosun 2021 Commerce Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNIOSUN • 2021 • COMMERCE • objective

A bank has a savings account with an interest rate of 5% per annum. If the account has a principal amount of ₦10,000 and the interest is compounded annually, what is the amount in the account after 2 years?

Answer Options

Correct Answer A. ₦10,510.25
B. ₦10,520.25
C. ₦10,530.25
D. ₦10,540.25
Correct Answer
A
Correct Option:
₦10,510.25

About This Question

This is Post Utme Uniosun 2021 Commerce Question 9. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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