Question

You have insurance premiums of $250 due quarterly. how much will you pay annually?

Answer 1

Answer:

The correct option is d.

Step-by-step explanation:

It is given that you have insurance premiums of $250 due quarterly.

In each year we have 4 quarters, because each quarter has 3 months.

The total amount of insurance premiums due quarterly is $250.

The total amount of insurance premiums due annually is

$\text{Yearly due}=4\times \text{Quarterly due}$

$\text{Yearly due}=4\times \ 250$

$\text{Yearly due}=\ 1000$

Therefore we have to pay $1000 annually. Option d is correct.

Answer 2

Quarterly means every 3 months, so $250 x 4 = $1000