Post Utme Crawford University 2021 Commerce Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2021 Commerce Objective / Multiple Choice
Question 10 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • COMMERCE • objective

A life insurance policy has a premium of ₦10,000 per year and a benefit of ₦500,000. If the policyholder dies after 5 years, what is the total benefit paid to the beneficiary?

Answer Options

A. ₦2,500,000
B. ₦2,750,000
Correct Answer C. ₦3,000,000
D. ₦3,250,000
Correct Answer
C
Correct Option:
₦3,000,000

About This Question

This is Post Utme Crawford University 2021 Commerce Question 10. It is one of the objective questions from the 2021 Post Utme Crawford University Commerce examination.

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