Colin pays £721.45 a year on his car insurance.
The insurance company reduces the price by 9.2%.
How much does the insurance cost now?
Give your answer rounded to 2 DP

Respuesta :

Answer:

655.08

Step-by-step explanation:

721.45 ×0.092=66.3734

721.45-66.3734=655.0766

Based on the previous cost of the insurance and the reduction , the new insurance premium is now $655.08.

The insurance reduced by 9.2% of the current premium so find out how much it reduced by:

= Insurance premium x Increment

= 721.45 x 9.2%

= $66.37

The new cost is now:

= Old cost - reduction

= 721.45 - 66.37

= $655.08

In conclusion, the new cost is $655.08.

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