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Brian pays £275.23 a year on his car insurance. The insurance company increases the price by 2.6%. How much does the insurance cost now? round you answer to 2 d.p

Respuesta :

jeffofthejungle

Answer:

£282.39

Step-by-step explanation:

Step 1

Year 1 = £275.23 a year

Year 2 = £275.23 a year + an increase of 2.6% of the original cost

Step 2

2.6% converted to a decimal number is 0.026

Find the increase = £275.23 * 0.026 = 7.15598

Step 3

7.15598 rounded to two decimal places is £7.16

Step 4

Add the increase to the original price

£275.23 + £7.16 = £282.39

Answer = £282.39

abiolataiwo2015

The amount that the insurance cost now is  £282.39.

Using this formula

Insurance cost=Insurance cover amount+(Insurance cover amount× Price percentage)

Where:

Insurance cover amount=£275.23

Price percentage=2.6% or 0.026

Let plug in the formula

Insurance cost=£275.23+(£275.23×0.026)

Insurance cost=£275.23+£7.15598

Insurance cost= £282.385

Insurance cost= £282.39 (Approximately)

Inconclusion the amount that the insurance cost now is  £282.39.

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