Find the amount of premium retained by the company and the amount of refund to the insured using proration.Portland Appliance pays an annual fire insurance premium of $1971. Their policy was canceled after 9 months.
A. $1642.50, $328.50
B. $1478.25, $492.75
C. $1314.00, $657.00
D. $1470.75, $500.25
Answer: B
Mathematics
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