Post Utme Unilag 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A company's insurance policy has a deductible of ₦50,000. If the company's annual premium is ₦1,200,000, what is the excess of the premium over the deductible?

Answer Options

Correct Answer A. ₦1,150,000
B. ₦1,200,000
C. ₦1,250,000
D. ₦1,300,000
Correct Answer
A
Correct Option:
₦1,150,000

About This Question

This is Post Utme Unilag 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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