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Question

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Explanation:

Step1: Identify the base premium and discount rate

The base premium for Policy A is $700, and the discount rate is 10%.

Step2: Calculate the discount amount

The discount amount is 10% of $700. To find this, we calculate \( 0.10 \times 700 = 70 \).

Step3: Subtract the discount from the base premium

The adjusted premium is the base premium minus the discount: \( 700 - 70 = 630 \).

Answer:

\( \$630 \)