Post Utme Uniosun 2025 Commerce Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2025 Commerce Objective / Multiple Choice
Question 33 POST_UTME_UNIOSUN • 2025 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 12% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, what is the future value of the investment at the end of the fifth year?

Answer Options

Correct Answer A. ₦163,217.61
B. ₦163,217.62
C. ₦163,217.63
D. ₦163,217.64
Correct Answer
A
Correct Option:
₦163,217.61

About This Question

This is Post Utme Uniosun 2025 Commerce Question 33. It is one of the objective questions from the 2025 Post Utme Uniosun Commerce examination.

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