O-LevelCommerceBankingOct/Nov 2011Paper 1 Q311 Mark
$400 is invested into a bank savings account at a rate of interest of 5% per year. What is the total amount of interest gained after one year?
A$1.25
B$20
C$80
D$2000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of banking within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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