Question

For the first year of his car insurance policy, Tom pays $77 per month. As a reward for good driving, in the second year Tom's payments are reduced to $65 per month. What is the percentage decrease? Round your answer to the nearest whole percent.

Answer 1

Answer:15.6

Explanation:

Answer 2

Answer: Percentage decrease is by 15.58%.

Explanation:

Since we have given that

Amount pays by Tom per month for the first year of his car insurance policy = $77

Amount pays by Tome per month for the second year of his car insurance policy = $65

We need to find the percentage decrease:

Percentage decrease is given by

`(Difference)/(original)* 100\\\\=(77-65)/(77)* 100\\\\=(12)/(77)* 100\\\\=(1200)/(77)\\\\=15.58\%`

Hence, Percentage decrease is by 15.58%.