Question

Dan pays £714.73 a year on his car insurance

the insurance company reduces the price by 4.1%
how much does the insurance cost now?
give your answer rounded to 2DP

Answer 1

Current insurance cost =
`685.43` $

Explanation:

Given

• Original Payment = £714.73

• Reduced Percentage = 4.1%

Reduced Amount =
`4.1\%\:*\:714.73`

`=\left((4.1)/(100)\right)\left(714.73\right)`

`=(41* \:714.73)/(1000)`

`=29.30` $

Current Insurance cost =
`714.73 - 29.30`

=
`685.43` $

Thus,

Current insurance cost =
`685.43` $