Post Utme Lautech 2024 Commerce Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Lautech Commerce examination.

Post Utme Lautech 2024 Commerce Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2024 • COMMERCE • objective

A life insurance policy has a premium of ₦10,000 per annum and a benefit of ₦500,000. If the policyholder dies after 5 years, what is the total benefit paid to the beneficiary?

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Lautech 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Lautech 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