Post Utme Uniport 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniport Commerce examination.

Post Utme Uniport 2019 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2019 • COMMERCE • objective

A bank has a vault that can hold up to ₦10,000,000 in cash. The bank has a policy of keeping 20% of the cash in the vault and the rest in a safe deposit box. If the bank has ₦8,000,000 in cash, how much of it is in the vault?

Answer Options

Correct Answer A. ₦1,600,000
B. ₦2,000,000
C. ₦3,200,000
D. ₦4,800,000
Correct Answer
A
Correct Option:
₦1,600,000

About This Question

This is Post Utme Uniport 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Uniport Commerce examination.

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