Post Utme Wellspring University 2020 Commerce Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Wellspring University Commerce examination.
A company's insurance policy covers losses due to fire, theft, and natural disasters. The policy has a deductible of ₦50,000 and a premium of ₦200,000 per year. If the company experiences a loss of ₦150,000 due to fire, how much will it pay out of pocket?
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About This Question
This is Post Utme Wellspring University 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.
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