Waec Model Questions Vol1 2023 Commerce Question 30
Practice objective / multiple choice question 30 from the 2023 Waec Model Questions Vol1 Commerce examination.
A customer deposits ₦500,000 in a savings account that earns 6% per annum compounded quarterly. After 2 years the customer withdraws ₦200,000. The remaining balance continues to earn the same interest for another 1 year. What is the balance in the account at the end of the third year (in naira, rounded to the nearest naira)?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 30. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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