Post Utme Babcock University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A person purchases a life insurance policy with a premium of ₦50,000 per year. The policy pays a benefit of ₦1,000,000 in the event of the policyholder's death. What is the probability that the policyholder will die within the next 10 years?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Babcock University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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