Neco 2024 Islamic Religious Studies Question 50

Practice objective / multiple choice question 50 from the 2024 Neco Islamic Religious Studies examination.

Neco 2024 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 50 NECO • 2024 • ISLAMIC_RELIGIOUS_STUDIES • objective

A man promises his future wife a mahr consisting of a fixed amount of 50,000 Naira plus a variable amount equal to 5\% of his annual profit each year for five years. His projected profits for the next five years are 200,000 Naira, 250,000 Naira, 180,000 Naira, 220,000 Naira and 210,000 Naira respectively. What is the total mahr payable at the end of the five‑year period? Express your answer in Naira.

Answer Options

A. 104000
Correct Answer B. 103000
C. 102500
D. 53000
Correct Answer
B
Correct Option:
103000

About This Question

This is Neco 2024 Islamic Religious Studies Question 50. It is one of the objective questions from the 2024 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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