Commerce
JAMB 2020
Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?
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A.
₦420
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B.
₦320
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C.
₦460
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D.
₦560
Correct Answer: Option B
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