Question

PLEASE HELP: CONSUMER MATH

you go to the whome insurance company for auto insurance the charge $525.00 as a base rate for six months of insurance for your vehicle they offer a 15% discount for safe driver habits and a 10% discount for an excellent credit rating of 5% for a good rating the increase the rate by 5% and 10% respectively for a fair or poor credit rating you have a fair credit rating and qualify for the safe driver discount how much do the insurance cost you per month?

The answer for this is 78.09

You purchase a new car for $17,000 and are able to acquire a loan because
of your excellent credit score. How much is the total interest and insurance per
month if you use the Whome Insurance Company from question 3 for your insurance
coverage and don't qualify for the safe driver discount?



Credit

APR (%)


Excellent

5.90

Answer 1

78.09

Explanation:

Answer 2

1.78.09

2. 2755.59

Explanation:

you go to the whome insurance company for auto insurance the charge $525.00 as a base rate for six months of insurance for your vehicle they offer a 15% discount for safe driver habits and a 10% discount for an excellent credit rating of 5% for a good rating the increase the rate by 5% and 10% respectively for a fair or poor credit rating you have a fair credit rating and qualify for the safe driver discount how much do the insurance cost you per month?

Insurance is more like a protection against any risk associated with vehicles, assets, buildings and lives.

the charge form the insurer is $525 with a 15% discount means

525 * 0.85 = 446.25

or525-(525*15%)

aand increment in rate after 6 months

446.25 * 1.05 = 468.56 or

446.25+446.25+5%

468.56 / 6 =

78.09

2. if the cost of the vehicle is 17000

a discount of 10%b for an excellent credit rating equals

17000*.90

$15300+1.05

16065

therefore per month he is going to pay 16065/6

$2677.5

add answer +78.09=2755.59