Post Utme Skyline University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

A life insurance policy has a premium of ₦100,000 per annum. The policy pays a benefit of ₦5 million in the event of the policyholder's death. What is the probability that the policyholder will die 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 Skyline University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Skyline University Commerce examination.

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