How to calculate insurance premium amount after percentage discount?
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The insurer offers a % discount for accident-free driving. If the basic premium is $ ...
How much will I pay after the discount?
Type of calculation: Calculating the value after a percentage decrease.
Calculator usage:
Option 1 (Direct method): Use the Decreased Value CALCULATOR ("Calculate new value after percentage decrease"). Enter $ (Original) and 10% (Decrease). The calculator will directly give you the premium after the discount.
Option 2 (Step-by-step method):
Step 1: Calculate the discount amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 10 (X) and $ (Y). The calculator will calculate 10% of $.
Step 2: Subtract the discount amount calculated in Step 1 from the basic premium.
Explanation using a formula:
We are looking for the premium amount after a 10% discount from $.
Discount amount = 10% of $
Discount amount = (10 / 100) × $ = 0.1 × $ = $100
Premium after discount = Basic premium - Discount amount
Premium after discount = $ - $100 = $
Calculator usage:
Option 1 (Direct method): Use the Decreased Value CALCULATOR ("Calculate new value after percentage decrease"). Enter $ (Original) and 10% (Decrease). The calculator will directly give you the premium after the discount.
Option 2 (Step-by-step method):
Step 1: Calculate the discount amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 10 (X) and $ (Y). The calculator will calculate 10% of $.
Step 2: Subtract the discount amount calculated in Step 1 from the basic premium.
Explanation using a formula:
We are looking for the premium amount after a 10% discount from $.
Discount amount = 10% of $
Discount amount = (10 / 100) × $ = 0.1 × $ = $100
Premium after discount = Basic premium - Discount amount
Premium after discount = $ - $100 = $
Answer: I will pay $ after the discount.