Post Utme Al Hikmah University 2020 Commerce Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2020 Commerce Objective / Multiple Choice
Question 32 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • COMMERCE • objective

A company purchases a 3-year insurance policy with a premium of ₦50,000 per annum. If the company pays the premium on time, what is the total amount paid over the 3-year period?

Answer Options

Correct Answer A. ₦150,000
B. ₦155,000
C. ₦160,000
D. ₦165,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Al Hikmah University 2020 Commerce Question 32. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Commerce examination.

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