Post Utme Veritas University 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice

Question 20 POST_UTME_VERITAS_UNIVERSITY • 2018 • COMMERCE • objective

A life insurance policy has a premium of ₦10,000 per year. If the policyholder dies after 5 years, the insurance company pays ₦200,000 to the beneficiary. What is the return on investment (ROI) for the policyholder?

Answer Options

A. 20%

Correct Answer B. 25%

C. 30%

D. 35%

Correct Answer

Correct Option:

25%

About This Question

This is Post Utme Veritas University 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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