Post Utme Unilag 2021 Commerce Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Unilag Commerce examination.

Post Utme Unilag 2021 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UNILAG • 2021 • COMMERCE • objective

A customer purchases a life insurance policy with a premium of ₦10,000 per annum for 10 years. If the policy pays a death benefit of ₦500,000, what is the total premium paid by the customer over the 10-year period?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Unilag 2021 Commerce Question 39. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.

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