Neco 2020 Islamic Religious Studies Question 5
Practice objective / multiple choice question 5 from the 2020 Neco Islamic Religious Studies examination.
At the end of the lunar year, a Muslim's assets are: cash ₦10,000,000, gold weighing 30 g (value ₦150,000 per gram), and agricultural produce worth ₦400,000. He also has an immediate debt of ₦300,000. The nisab is equivalent to 85 g of gold, i.e., \(85 \times 150{,}000 = ₦12,750,000\). Zakat is due at 2.5\% on the amount by which his net assets exceed the nisab. How much Zakat must he pay?
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About This Question
This is Neco 2020 Islamic Religious Studies Question 5. It is one of the objective questions from the 2020 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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