Problema Solution
in 1995 an antique car that originally cost 3,668 is valued today at 62,125 if in excellent condition, wich is 1*3/4 times as much as a car in very nice condition-if you can find an owner willing to part with one for any price. what would be the value of the car in very nice condition?
Answer provided by our tutors
From the question, we are told that 62125 is 1.75 times as much as a car in very nice condition. Therefore, the value of a car in very nice condition is:
value=62125/1.75=$35,500