Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, Jay canceled the policy since his pizza shop went out of business. The refund to Jay is:
A) $980
B) $852.60
C) $127.40
D) $186.20
E) None of these
Correct Answer:
Verified
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