Maths And Driving Flashcards
How do you determine the % decrease of a motor vehicle?
Purchase decrease
———————– X100
Purchase price
Green slip ( compulsory third party insurance) covers what?
Protects vehicle owners and drivers
Third party property insurance covers?
Damage caused by your car to another’s property in an accident
Comprehensive insurance covers?
Covers damage to your own vehicle aswell as another’s property.
Damage caused by your car to another’s property in an accident.
Which insurance?
Third party property
Protects vehicle owners and drivers
Which?
Green slip (third party compulsory)
Covers damage to own vehicle aswell as another’s property
Comprehensive insurance
Insurance premium is the cost of
Taking out an insurance cover
A no claim bonus is a discount on______
Insurance premium
Stamp duty
Tax paid to government when registering /transferring a vehicle
The amount of stamp duty is based on?
Price of vehicle
Stamp duty of vehicles formula?
- Round up to nearest $100 (per $100)
- express stamp duty as fraction /decimal ($3 per $100 =0.03)
- multiply step 1 answer by decimal in step 2
Fuel consumption
The number of litres used per100km
/100km
Fuel consumption formula?
FC=amount of fuel (L) -------------------X100 Distance travelled (km)
Depreciation is the
Reduction of an asset over time due to wear and tear