Post Utme Uniben 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNIBEN • 2020 • COMMERCE • objective

A firm is considering two different types of insurance policies: life insurance and property insurance. The cost of life insurance is ₦500 per year, while the cost of property insurance is ₦300 per year. If the firm needs to insure its employees for 5 years, what is the total cost of life insurance and property insurance?

Answer Options

A. ₦2,500
B. ₦3,000
C. ₦3,500
Correct Answer D. ₦4,000
Correct Answer
D
Correct Option:
₦4,000

About This Question

This is Post Utme Uniben 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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