Post Utme Delsu 2025 Commerce Question 36
Practice objective / multiple choice question 36 from the 2025 Post Utme Delsu Commerce examination.
A company is considering two different insurance policies for its employees. Policy A has a premium of ₦10,000 per employee per year, while Policy B has a premium of ₦5,000 per employee per year, but requires a deductible of ₦20,000 per claim. If the company has 100 employees and expects to file 5 claims per year, what is the total cost of insurance for the company, assuming both policies have the same annual fixed costs?
Answer Options
About This Question
This is Post Utme Delsu 2025 Commerce Question 36. It is one of the objective questions from the 2025 Post Utme Delsu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.