Post Utme Abu 2020 Commerce Question 29
Practice objective / multiple choice question 29 from the 2020 Post Utme Abu Commerce examination.
A life insurance policy has a premium of ₦50,000 per annum. The policy pays a benefit of ₦1,000,000 if the policyholder dies within the first 5 years. If the policyholder dies after 5 years, the benefit is ₦500,000. What is the expected value of the policy?
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About This Question
This is Post Utme Abu 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Abu Commerce examination.
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