O-LevelCommerceInsurance7100/12 · Oct/Nov 2025 · Q281 Mark

An insurance company has 100000 customers with contents insurance. Based on past records, it is estimated that 15% of customers will make a claim. This costs the company approximately $3000 000 each year. How many claims will the insurance company receive?

A15

B15000

C85000

D450 000

✓ Correct answer

B: 15000

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2025 Paper 1 Variant 2, question 28.

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