Post Utme Mountain Top University 2025 Commerce Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2025 Commerce Objective / Multiple Choice
Question 31 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • COMMERCE • objective

A company has a 20% premium on its insurance policy. If the annual premium is ₦10,000, what is the actual cost of the insurance policy?

Answer Options

A. ₦8,000
Correct Answer B. ₦9,000
C. ₦10,000
D. ₦12,000
Correct Answer
B
Correct Option:
₦9,000

About This Question

This is Post Utme Mountain Top University 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.

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