Post Utme Uniport 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Uniport Commerce examination.

Post Utme Uniport 2017 Commerce Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2017 • COMMERCE • objective

A bank offers a 5-year fixed deposit with an interest rate of 10% per annum. If the principal amount is ₦100,000, what is the future value of the investment?

Answer Options

A. ₦161,051
B. ₦162,051
Correct Answer C. ₦163,051
D. ₦164,051
Correct Answer
C
Correct Option:
₦163,051

About This Question

This is Post Utme Uniport 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Uniport Commerce examination.

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