The formula for calculating annual insurance premiums is: D. p = 2rb.
What is Insurance premiums?
Insurance premium can be defined as an insurance coverage that help to cover expenses incase of unforseen circumstance thereby saving cost.
Annual insurance premium is the amount that a person pays to an insurance company annually which will serve as an insurance coverage.
Inconclusion the formula for calculating annual insurance premiums is: D. p = 2rb.
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