Post Utme Unn 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Unn Commerce examination.

Post Utme Unn 2020 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2020 • COMMERCE • objective

A person invests ₦20,000 in a savings account with an annual interest rate of 8%. If the interest is compounded annually, what is the amount in the account after 2 years?

Answer Options

A. ₦40,000
B. ₦42,000
C. ₦44,000
Correct Answer D. ₦46,000
Correct Answer
D
Correct Option:
₦46,000

About This Question

This is Post Utme Unn 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.

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