Gce Model Questions Vol1 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty
Question 20 GCE_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

A student deposits \(\text{₦}5{,}000\) in a savings scheme that pays simple interest at 6 % per annum for 8 months. How much interest will he earn?

Answer Options

A. ₦300
B. ₦167
C. ₦2400
Correct Answer D. ₦200
Correct Answer
D
Correct Option:
₦200

About This Question

This is Gce Model Questions Vol1 2017 Commerce Question 20. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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