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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The Answer of 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.

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