Neco 2018 Islamic Religious Studies Question 42
Practice objective / multiple choice question 42 from the 2018 Neco Islamic Religious Studies examination.
Ali intends to pay zakat on his wealth. He owns 100 grams of gold, 5,000,000 Naira in cash, and 800 kg of wheat harvested this year. The market price of gold is 40,000 Naira per gram, and wheat is irrigated. The nisab thresholds are 85 grams for gold (and the cash equivalent of that amount) and 653 kg for wheat. Zakat rates are 2.5% on gold and cash, and 10% on irrigated wheat. Calculate the zakat due on each asset.
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About This Question
This is Neco 2018 Islamic Religious Studies Question 42. It is one of the objective questions from the 2018 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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