A 6-year-old car costs $5200. The depreciation is 14%/year. How

Amari Flowers

Amari Flowers

Answered question

2021-08-13

A 6-year-old car costs $5200. The depreciation is 14%/year. How much did the car cost originally?

Answer & Explanation

nitruraviX

nitruraviX

Skilled2021-08-14Added 101 answers

To find the price, use the formula:
(1δ)n×X=C
Where delta is the depreciation (in decimal), n is time (in months), X is the original price, and C is the new price.
Substitute:
(10.14)6×X=$5200
X=$52000.866
X=$52000.4046
X=$12853

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