Post Utme Oau 2017 Commerce Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Oau Commerce examination.

Post Utme Oau 2017 Commerce Objective / Multiple Choice
Question 19 POST_UTME_OAU • 2017 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per year and a benefit of ₦1,000,000. If the policyholder dies after 5 years, what is the total benefit paid to the beneficiary?

Answer Options

Correct Answer A. ₦5,000,000
B. ₦4,500,000
C. ₦4,000,000
D. ₦3,500,000
Correct Answer
A
Correct Option:
₦5,000,000

About This Question

This is Post Utme Oau 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Oau Commerce examination.

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