Post Utme Eksu 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Eksu Commerce examination.

Post Utme Eksu 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2020 • COMMERCE • objective

A life insurance policy has a premium of ₦5000 per annum. If the policyholder wants to pay the premium in 6 equal installments, what is the amount of each installment?

Answer Options

Correct Answer A. ₦833.33
B. ₦1000
C. ₦1250
D. ₦1666.67
Correct Answer
A
Correct Option:
₦833.33

About This Question

This is Post Utme Eksu 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Eksu Commerce examination.

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