Answer:
Option C is correct.
Step-by-step explanation:
Given: Residual value is 72% of the original MSRP of Henry’s leased car
To find: Original MSRP of Henry's Leased Car.
let, the original MSRP of Henry’s leased car is x
So, we know that
Residual value = 72% of x
Current worth of Henry's car = $12780
According to the Question,
Residual Value = Current worth of the car
72% of x = 12780
![\frac{72}{100}\times x=12780](https://tex.z-dn.net/?f=%5Cfrac%7B72%7D%7B100%7D%5Ctimes%20x%3D12780)
![x=12780\times\frac{100}{72}](https://tex.z-dn.net/?f=x%3D12780%5Ctimes%5Cfrac%7B100%7D%7B72%7D)
x = 17550
Hence, Original MSRP of Henry's leased car is $17750
Therefore, Option C is correct.