Post Utme Coal City University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • COMMERCE • objective

A company has a policy of insuring its assets against loss or damage. If the company's assets are valued at ₦500 million and the insurance premium is 5% of the asset value, what is the amount of the insurance premium?

Answer Options

Correct Answer A. ₦25 million
B. ₦50 million
C. ₦75 million
D. ₦100 million
Correct Answer
A
Correct Option:
₦25 million

About This Question

This is Post Utme Coal City University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.

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