Post Utme Rhema University 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2019 Commerce Objective / Multiple Choice
Question 37 POST_UTME_RHEMA_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is insured against fire, flood, and theft. If the premium for fire insurance is ₦5,000, the premium for flood insurance is ₦3,000, and the premium for theft insurance is ₦2,000, what is the total premium paid by the sole trader?

Answer Options

A. ₦10,000
B. ₦12,000
Correct Answer C. ₦14,000
D. ₦16,000
Correct Answer
C
Correct Option:
₦14,000

About This Question

This is Post Utme Rhema University 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Rhema University Commerce examination.

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