Driver Blake, a Low-Risk Driver, Is Insured by a Company

question 66

Short Answer

Driver Blake, a low-risk driver, is insured by a company that gives a 5% discount for the first year, 10% the second year, 15% the third year, and 20% every year thereafter. Blake has qualified as a low-risk driver for the last 10 years. Compute the amount Blake saved in premiums if the regular premium is $2,000.

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Definitions:

Medical Problems

Issues or conditions affecting an individual's health that may require diagnosis, management, or treatment by healthcare professionals.

Handedness

The preferred use of one hand over the other for performing tasks, reflecting differences in brain function.

Preference

The selection or inclination towards a particular choice or option over others based on personal taste or value.

Age

A measurement of the length of time an individual has lived, typically expressed in years.