Post Utme Unn 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Unn Commerce examination.

Post Utme Unn 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UNN • 2017 • COMMERCE • objective

A bank customer deposits ₦100,000 into a savings account. The bank pays an interest rate of 5% per annum. What is the interest earned by the customer after one year?

Answer Options

A. ₦5,000
Correct Answer B. ₦5,250
C. ₦5,500
D. ₦5,750
Correct Answer
B
Correct Option:
₦5,250

About This Question

This is Post Utme Unn 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Unn Commerce examination.

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