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O-LevelCommerceInsurance7100/12 · May/June 2018 · Q291 Mark

The value of Mr Omo's house is $150000. The contents are valued at $40000 for which ABC Insurance has quoted him a price of $50 per $10000 of value. How much will Mr Omo's contents insurance premium be?

A$50
B$200
C$750
D$950

✓ Correct answer

B: $200

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2018 Paper 1 Variant 2, question 29.

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