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

The Current Insurance cost = $685.43

Explanation:

Given that Dan pays £714.73 a year on his car insurance.

Reduced Percentage = 4.1%

so

Reduced Amount = 4.1% × 714.73

= [4.1 / 100] × [714.73]

= 0.041 × 714.73

= $29.30

The current cost can be calculated by subtracting the reduced amount of 29.30 from 714.73.

so

Current Insurance cost = 714.73 - 29.30

= $685.43

Therefore, the Current Insurance cost = $685.43