Post Utme Unn 2021 Commerce Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Unn Commerce examination.

Post Utme Unn 2021 Commerce Objective / Multiple Choice
Question 30 POST_UTME_UNN • 2021 • COMMERCE • objective

A bank's interest rate is 12% per annum. If a customer deposits ₦100,000 for 2 years, how much interest will the customer earn?

Answer Options

A. ₦24,000
B. ₦28,000
Correct Answer C. ₦32,000
D. ₦36,000
Correct Answer
C
Correct Option:
₦32,000

About This Question

This is Post Utme Unn 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Unn Commerce examination.

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