Question

Brian pays £466.98 a year on his car insurance.

The insurance company increases the price by 3.2%.
How much does the insurance cost now?
Give your answer rounded to 2 DP.

Answer 1

£481.02

Explanation:

To calculate, you can multiply the original cost by the increase percentage (expressed as a decimal) and add that to the original cost:

£466.98 * 1.032 = £480.9936

£480.9936 + £466.98 = £481.02

Rounding to 2 decimal places, the answer is £481.02.