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An insurance company offers an insurance policy worth P100, 000 if a policy holder loses a job. The company found out that the chance of

An insurance company offers an insurance policy worth P100, 000 if a policy holder loses a job. The company found out that the chance of that happening to a policy holder is two out of 100. If the insurance company wants to make a profit of 25 percent for every insurance policy, how much should they charge for a premium?

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