Post Utme Bells University 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Bells University Commerce examination.

Post Utme Bells University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BELLS_UNIVERSITY • 2018 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per year and a death benefit of ₦1,000,000. If the policyholder dies after 5 years, what is the total amount paid to the beneficiary?

Answer Options

A. ₦250000
B. ₦500000
C. ₦750000
Correct Answer D. ₦1000000
Correct Answer
D
Correct Option:
₦1000000

About This Question

This is Post Utme Bells University 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Bells University Commerce examination.

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