Post Utme Oau 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Oau Commerce examination.

Post Utme Oau 2019 Commerce Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2019 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Oau 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Oau Commerce examination.

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