Question

1. jeffrey is thinking about changing insurance companies. he has been offered a \good driver\ discount by another company. his new premium would be 15% less than his current premium. if jeffrey is currently paying $2,300 per year for car insurance, how much will his yearly premium be if he changes his insurance company?

options: $1,915; $1,955; $1,995; $1,935

Explanation:

Step1: Calculate the discount amount

The discount is 15% of $2300. So, discount = \( 0.15 \times 2300 \)
\( 0.15 \times 2300 = 345 \)

Step2: Subtract discount from current premium

New premium = Current premium - Discount = \( 2300 - 345 \)
\( 2300 - 345 = 1955 \)

Answer:

$1,955