Question

In one year, a car's value depreciates, or decreases, by 15%. The car is now valued at $12,325. What was the cars value a year ago?

Answer 1

To determine the car's original value before it depreciated by 15%, the current value is divided by 0.85, yielding an original value of approximately $14,500.

Step-by-step explanation:

The student's question is about determining the original value of a car before it depreciated by 15%. To calculate this, we can set up an equation where the current value of the car is 85% (100% - 15%) of its original value. Let x represent the original value of the car. We can express this situation as 0.85x = $12,325. To find the original value, x, we divide both sides of the equation by 0.85, so x = $12,325 / 0.85.

After performing this calculation, we discover the original value of the car a year ago was approximately $14,500.

Learn more about Car Depreciation Calculation