John Christopher, a low-risk driver, is insured by a company that gives a 10% discount for the first year, 20% the second year, 25% the third year, and 30% every year thereafter. Christopher has qualified as a low-risk driver for the last 5 years. Compute the amount Christopher saved in premiums if the regular premium is $1,000.

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The Answer of John Christopher, a low-risk driver, is insured by a company that gives a 10% discount for the first year, 20% the second year, 25% the third year, and 30% every year thereafter. Christopher has qualified as a low-risk driver for the last 5 years. Compute the amount Christopher saved in premiums if the regular premium is $1,000.

John Christopher, a Low-Risk Driver, Is Insured by a Company