Post Utme Unn 2023 Commerce Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UNN • 2023 • COMMERCE • objective

A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum. If a customer deposits ₦100,000, how much will the customer receive at the end of the 5-year period?

Answer Options

Correct Answer A. ₦162,887.43
B. ₦165,000
C. ₦167,500
D. ₦170,000
Correct Answer
A
Correct Option:
₦162,887.43

About This Question

This is Post Utme Unn 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support