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
[tex]\text{Yearly due}=4\times \text{Quarterly due}[/tex]
[tex]\text{Yearly due}=4\times \$250[/tex]
[tex]\text{Yearly due}=\$1000[/tex]
Therefore we have to pay $1000 annually. Option d is correct.
