Post Utme Nile University 2025 Commerce Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Nile University Commerce examination.

Post Utme Nile University 2025 Commerce Objective / Multiple Choice

Question 5 POST_UTME_NILE_UNIVERSITY • 2025 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per year. If the policyholder wants to pay the premium in 10 equal installments, what is the amount of each installment?

Answer Options

Correct Answer A. ₦5,000

B. ₦5,500

C. ₦6,000

D. ₦6,500

Correct Answer

Correct Option:

₦5,000

About This Question

This is Post Utme Nile University 2025 Commerce Question 5. It is one of the objective questions from the 2025 Post Utme Nile University Commerce examination.

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