Post Utme Wellspring University 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • COMMERCE • objective

A company has a cash reserve of ₦500,000 and wants to invest in a bank account that earns an interest rate of 5% per annum. What will be the future value of the investment after 2 years?

Answer Options

A. ₦550,000
B. ₦555,000
Correct Answer C. ₦560,000
D. ₦565,000
Correct Answer
C
Correct Option:
₦560,000

About This Question

This is Post Utme Wellspring University 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Wellspring University Commerce examination.

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