Question

Farrah bought a new car in 2016 one year later the car had depreciated in value by 2300 and was worth $20,140 find the value of her car when she purchased it in 2016

Answer 1

Answer:

Farrah purchased the car in 2016 at the price of $22,440.

Step-by-step explanation:

Given:

Cost of the car in 2017 = $20,140

Depreciation in the cost after 2016 was = $2300

To find cost of the car in 2016.

Solution:

Let cost of the car in dollars in 2016 be = $x$

Depreciation in value after a year was by = $2300

Thus, cost of car in dollars in 2017 will be = $Original\ cost-Depreciation\ =x-2300$

Given cost of car in 2017 = $20,140

So, we have:

$x-2300=20140$

Solving for $x$

Adding 2300 both sides.

$x-2300+2300=20140+2300$

∴ $x=22440$

Thus, cost of the car in 2016 was = $22,440