Search SchoolNGR

Friday, 10 April 2026
Register . Login

Use the table above to answer questions 27 and 28 If Mr. P takes a fire insurance ...

NAME INSUREDAMOUNT(₦) ACTUALVALUE(₦) ACTUALLOSS(₦)
Mr. PMr. KMr. R 25,00030,00040,000 100,000120,000150,000 30,00040,00050,000



Use the table above to answer questions 27 and 28
If Mr. P takes a fire insurance policy with average clause, his compensation will be ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦7,500
  • B ₦5,000
  • C ₦70,000
  • D ₦75,000
Correct Answer: Option A
Explanation:

Share question on: