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Today at 12:10 PM
Mathematics

Answered

Raphael purchased a 3-year-old car for $16,000. He was told that this make and model
depreciates exponentially at a rate of 5.45% per year. What was the original price of the car
when it was new?

Answer :

aolson2020519 aolson2020519

Today at 12:15 PM

Answer:

$18,760.76

Step-by-step explanation:

16000 * 0.0545 = 872

16000 + 872 = 16872

16872 * 0.0545 = 919.52

16872 + 919.52 = 17791.52

17791.52 * 0.0545 = 969.64

17791.52 + 969.64 = 18760.76

hope this helps. if you need more help lmk. Happy Holidays!

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