Post Utme Futa 2018 Commerce Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Futa Commerce examination.

Post Utme Futa 2018 Commerce Objective / Multiple Choice
Question 23 POST_UTME_FUTA • 2018 • COMMERCE • objective

A life insurance policy has a premium of ₦10,000 per annum. The policy pays a benefit of ₦500,000 in the event of the policyholder's death. What is the probability that the policyholder will die within the next 5 years?

Answer Options

A. 0.05
Correct Answer B. 0.10
C. 0.15
D. 0.20
Correct Answer
B
Correct Option:
0.10

About This Question

This is Post Utme Futa 2018 Commerce Question 23. It is one of the objective questions from the 2018 Post Utme Futa Commerce examination.

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