Post Utme Unilag 2021 Commerce Question 43

Practice objective / multiple choice question 43 from the 2021 Post Utme Unilag Commerce examination.

Post Utme Unilag 2021 Commerce Objective / Multiple Choice
Question 43 POST_UTME_UNILAG • 2021 • COMMERCE • objective

A customer purchases a term life insurance policy with a premium of ₦5,000 per annum for 5 years. If the policy pays a death benefit of ₦200,000, what is the total premium paid by the customer over the 5-year period?

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Unilag 2021 Commerce Question 43. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.

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