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Q Maqbool got a life insurance policy of Rs. 500000. Rate of annual premium is 4.5% OF THE TOTAL AMOUNT OF THE POLICY WHEREAS THE POLICY FEE IS AT THE RATE OF 0.25%. FIND THE ANNUAL PREMIUM OF THE POLICY.

A A. 23750
B B. 24640
C C. 25530
D D. 26420

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