Post Utme Bowen University 2023 Commerce Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Bowen University Commerce examination.
A company's insurance policy covers losses due to fire, theft, and natural disasters. The policy has a deductible of ₦100,000 and a premium of ₦500,000 per year. If the company suffers a loss of ₦750,000 due to fire, what is the amount the company must pay out of pocket?
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About This Question
This is Post Utme Bowen University 2023 Commerce Question 20. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.
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