Question: In Python, write a function, called insurancePremCalc(), to calculate the average annual premium for car insurance that a company would need to charge its customers

In Python, write a function, called insurancePremCalc(), to calculate the average annual premium for car insurance that a company would need to charge its customers in order to make a $1,000,000 profit per year. The function will take three parameters: 1) number of customers, 2) average anticipated cost of a claim, and 3) anticipated percentage of customers who make a claim in a given year. The function should return the annual premium cost. For example, insurancePremCalc(1000, 500, 5) should return 1025.0.

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