Post Utme Coal City University 2017 Commerce Question 32
Practice objective / multiple choice question 32 from the 2017 Post Utme Coal City University Commerce examination.
A company purchases an insurance policy to protect against losses due to fire. The policy has a deductible of ₦50,000 and a premium of ₦20,000 per year. If the company suffers a loss of ₦150,000 due to fire, what is the total amount the company will pay?
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About This Question
This is Post Utme Coal City University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Coal City University Commerce examination.
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