Neco 2020 Islamic Religious Studies Question 44
Practice objective / multiple choice question 44 from the 2020 Neco Islamic Religious Studies examination.
A merchant's assets are: cash of ₦\(150{,}000\), gold weighing 8 mithqal (each mithqal = 60 g, market price per gram = ₦\(5{,}000\)), and wheat amounting to 2 000 kg (price per kg = ₦\(300\)). The nisab for zakat is the value of 85 g of gold. Zakat is levied at \(2.5\%\) on total wealth exceeding the nisab. Determine the amount of zakat the merchant must pay.
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About This Question
This is Neco 2020 Islamic Religious Studies Question 44. It is one of the objective questions from the 2020 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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