Post Utme Unn 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Unn Commerce examination.

Post Utme Unn 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_UNN • 2024 • COMMERCE • objective

A bank offers a 5-year fixed deposit with an interest rate of 10% per annum compounded annually. If a customer invests ₦100,000, what is the future value of the investment after 5 years?

Answer Options

A. ₦163,922
Correct Answer B. ₦164,922
C. ₦165,922
D. ₦166,922
Correct Answer
B
Correct Option:
₦164,922

About This Question

This is Post Utme Unn 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Unn Commerce examination.

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