Post Utme Elizade University 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A life insurance policy has a premium of ₦10,000 per annum. If the policyholder pays the premium for 5 years, what is the total amount paid?

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Elizade University 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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