Post Utme Redeemers University 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • COMMERCE • objective

A policyholder purchases a life insurance policy with a face value of ₦1,000,000 and a premium of ₦50,000 per annum. If the policyholder dies after 5 years, what is the death benefit payable to the beneficiary?

Answer Options

A. ₦1,250,000
B. ₦1,500,000
C. ₦1,750,000
Correct Answer D. ₦2,000,000
Correct Answer
D
Correct Option:
₦2,000,000

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

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