Post Utme Futa 2020 Commerce Question 34
Practice objective / multiple choice question 34 from the 2020 Post Utme Futa Commerce examination.
A firm's insurance policy covers losses due to fire, theft, and natural disasters. The policy has a deductible of ₦100,000 and a premium of ₦500,000 per year. If the firm experiences a loss of ₦750,000 due to fire, what is the firm's net loss?
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About This Question
This is Post Utme Futa 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.
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