Post Utme Coal City University 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice

Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A policyholder purchases a life insurance policy with a premium of ₦50,000 per annum. The policy has a term of 20 years and a sum assured of ₦2,000,000. What is the total premium paid over the policy term?

Answer Options

A. ₦1,000,000

B. ₦1,200,000

Correct Answer C. ₦1,500,000

D. ₦2,000,000

Correct Answer

Correct Option:

₦1,500,000

About This Question

This is Post Utme Coal City University 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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