Post Utme Uniport 2020 Commerce Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2020 • COMMERCE • objective

A bank's interest rate is 12% per annum, compounded annually. If a principal amount of ₦10,000 is invested for 2 years, what is the future value?

Answer Options

A. ₦12,736
Correct Answer B. ₦13,232
C. ₦13,728
D. ₦14,224
Correct Answer
B
Correct Option:
₦13,232

About This Question

This is Post Utme Uniport 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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