Post Utme Redeemers University 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • COMMERCE • objective

A company's insurance policy has a premium of ₦500,000 per year. If the company wants to pay the premium in 5 equal installments, what is the amount of each installment?

Answer Options

A. ₦100,000
Correct Answer B. ₦125,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦125,000

About This Question

This is Post Utme Redeemers University 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Redeemers University Commerce examination.

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