Verified Answer :

mskaren89

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

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.

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