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an insurance company offers a no-claims discount of 55% for drivers who have not had an accident for four years. if the discounted premium for such driver is £334 how much did the driver save

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sreedevi102

Answer:

Amount the driver saved = £408.22

Step-by-step explanation:

Let the original price be = x

Discount % = 55%

Given price after discount = £334

Price after discount = x - (55% of x )

                   [tex]334 = x - (\frac{55}{100} \times x)\\\\334 = \frac{100x - 55x }{100}\\\\334 \times 100 = 45x\\\\x = \frac{334 \times 100}{45} = 742.22[/tex]

Therefore original price = £742.22

Amount the driver saved = 742.22 - 334

                                      = £408.22

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