Post Utme Esut 2018 Commerce Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Esut Commerce examination.

Post Utme Esut 2018 Commerce Objective / Multiple Choice
Question 12 POST_UTME_ESUT • 2018 • COMMERCE • objective

A business owner purchases a life insurance policy for ₦500,000 with a premium payment of ₦50,000 per annum. If the policy has a 10-year term, what is the total premium paid?

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Esut 2018 Commerce Question 12. It is one of the objective questions from the 2018 Post Utme Esut Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support