Post Utme Bells University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A company is considering investing in a new project that has a 10% chance of generating a return of ₦100 million, a 20% chance of generating a return of ₦50 million, and a 70% chance of generating a return of ₦20 million. What is the expected return on investment for the project?

Answer Options

A. ₦30 million
B. ₦40 million
Correct Answer C. ₦50 million
D. ₦60 million
Correct Answer
C
Correct Option:
₦50 million

About This Question

This is Post Utme Bells University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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