Neco 2020 Islamic Religious Studies Question 40

Practice objective / multiple choice question 40 from the 2020 Neco Islamic Religious Studies examination.

Neco 2020 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 40 NECO • 2020 • ISLAMIC_RELIGIOUS_STUDIES • objective

A Muslim has the following assets at the end of the lunar year: \(10\) grams of gold (current market price \(\$5\) per gram), cash savings of \(\$500,000\), and \(2,000\) kg of irrigated wheat. The nisab for gold is \(85\) grams. Zakat on gold and cash is \(2.5\%\); on irrigated agricultural produce it is \(5\%\). Calculate the total Zakat the Muslim must pay, stating the amount in cash and the quantity of wheat.

Answer Options

Correct Answer A. \$12,500 in cash and 100 kg of wheat.
B. \$12,750 in cash and 100 kg of wheat.
C. \$12,500 in cash and 150 kg of wheat.
D. \$12,250 in cash and 100 kg of wheat.
Correct Answer
A
Correct Option:
\$12,500 in cash and 100 kg of wheat.

About This Question

This is Neco 2020 Islamic Religious Studies Question 40. It is one of the objective questions from the 2020 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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