Car Purchase, Insurance, and Stamp Duty (HSC SSCE Mathematics Standard): Flashcards

Decrease in value of a car over time

Up to 20%

Over 65%

$\frac{\text{Price decrease}}{\text{Purchase price}} \times 100$

$\text{Deposit} + \text{Total repayments}$

$\text{Total cost} - \text{Sale price}$

Compulsory insurance for injury to third parties

Your own vehicle damage and others' property damage

Discount on premium for not making insurance claims

3 per 100 (3%); always round UP to nearest 100