Post Utme Mountain Top University 2023 Commerce Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2023 Commerce Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader's business is insured against fire risk. The premium is 5% of the insured value. If the insured value is ₦1,000,000, what is the premium?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Mountain Top University Commerce examination.

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