Utme 2019 Mathematics Question 40

Practice objective / multiple choice question 40 from the 2019 Utme Mathematics examination. This question covers finance .

Utme 2019 Mathematics Objective / Multiple Choice 2 Difficulty

Topic: finance

Question 40 UTME • 2019 • MATHEMATICS • objective

At what rate would a sum of ₦100.00 deposited for 5 years raise an interest of ₦7.50?

Correct Answer A. 1 \( \frac{1}{2} \)%

B. 2 \( \frac{1}{2} \)%

C. 15%

D. 25%

Correct Answer

Correct Option:

1 \( \frac{1}{2} \)%

This is Utme 2019 Mathematics Question 40. It is one of the objective questions from the 2019 Utme Mathematics examination.

The question covers finance .

Difficulty level: 2 .

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