SOLUTION: A car bought for Rs 1,000,000 depreciates each year by 5% what is the insurance premium paid in the first year, second year and third year of purchase

Question 1122554: A car bought for Rs 1,000,000 depreciates each year by 5% what is the insurance premium paid in the first year, second year and third year of purchase
Found 2 solutions by Alan3354, ikleyn:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
A car bought for Rs 1,000,000 depreciates each year by 5% what is the insurance premium paid in the first year, second year and third year of purchase
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Insurance premiums are determined by the insurance company.
You can save - up to - "some amount" if you change companies.
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The value of the car is not the premium paid.
Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.
The question in this post is not relevant to the "given" part.

And vice versa, the "given" part is not relevant to the question.

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