Post Utme Nile University 2024 Commerce Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Nile University Commerce examination.

Post Utme Nile University 2024 Commerce Objective / Multiple Choice
Question 38 POST_UTME_NILE_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Nile University 2024 Commerce Question 38. It is one of the objective questions from the 2024 Post Utme Nile University Commerce examination.

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