Asked by Anonymous
                Mr Ode has a car valued for 1000 naira what would the insurance be for the car cost if the charge is 5 naira for each 50 naira or part of 50 naira of the value of the car
            
            
        Answers
                    Answered by
            Damon
            
    1,000 * (5/50) = 1,000/10 = 100
(terribly expensive insurance)
    
(terribly expensive insurance)
                    Answered by
            Anonymous
            
    Thanks
    
                    Answered by
            DrBob222
            
    Expensive or not depends upon the value of a naira. Perhaps we should be buying naira and not gold.
    
                    Answered by
            Damon
            
    I mean the 10% of value for premium.
    
                    Answered by
            Damon
            
    As I remember, about 40 Nigerian naira / US dollar
    
                    Answered by
            Freda. 
            
    N100.00
    
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