Post Utme Uniosun 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNIOSUN • 2022 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum compounded annually. If a customer deposits ₦100,000, how much will the customer receive at the end of the 5-year period?

Answer Options

Correct Answer A. ₦163,922.38
B. ₦164,922.38
C. ₦165,922.38
D. ₦166,922.38
Correct Answer
A
Correct Option:
₦163,922.38

About This Question

This is Post Utme Uniosun 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Uniosun Commerce examination.

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