Post Utme Unn 2019 Commerce Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Unn Commerce examination.

Post Utme Unn 2019 Commerce Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2019 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, what will be the total amount in the account at the end of the fifth year?

Answer Options

Correct Answer A. ₦163,922.89
B. ₦164,922.89
C. ₦165,922.89
D. ₦166,922.89
Correct Answer
A
Correct Option:
₦163,922.89

About This Question

This is Post Utme Unn 2019 Commerce Question 28. It is one of the objective questions from the 2019 Post Utme Unn Commerce examination.

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