Post Utme Babcock University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_BABCOCK_UNIVERSITY • 2022 • COMMERCE • objective

A company has a fleet of 10 vehicles, each with an average annual mileage of 50,000 kilometers. The company's insurance policy has a deductible of ₦5,000. If the company's annual premium is ₦1,200,000, what is the total cost of insurance per vehicle?

Answer Options

A. ₦120,000
B. ₦125,000
Correct Answer C. ₦130,000
D. ₦135,000
Correct Answer
C
Correct Option:
₦130,000

About This Question

This is Post Utme Babcock University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Babcock University Commerce examination.

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