Question

Colin pays £766.45 a year on his car insurance.
The insurance company increases the price by 5.4%.
How much does the insurance cost now?
Give your answer rounded to 2 DP.

Answer 1

Given :-

Original price = £766.45

Increase percentage = 5.4%

To Find :-

The new price.

Solution :-

5.4% of £766.45

$=\: {\dfrac{5.4}{100}}\: \times\: 766.45$

$=\: {\dfrac{54}{100 \times 10}}\: \times\: {\dfrac{76645}{100}}$

= £41.38

Increased Price = £( 766.45 + 41.38)

= £ 807.83

Required answer = £ 807.83

Answer 2

Answer:

$\huge \bf \: question$

Colin pays £766.45 a year on his car insurance.

The insurance company increases the price by 5.4%.

How much does the insurance cost now

$\huge \bf \: given$

$cost \: of \: car \: insurance \: = 766.45 \: per \: year$

$increase \: price \: = 5.4\%$

$\huge \bf \: solution$

5.4 % of €766.45

$\frac{5.4}{100} \times 766.45$

$\frac{54}{100 \times 10} \times \frac{76645}{100}$

$= 41.38$

$increased \: price \: = 766.45 + 41.38$

$807.83$

$\huge \fbox {price \: = 807.83}$