Question

A car that originally cost $3,668 in 1955 is valued at $62,125 if in excellent condition, which is1 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? (Do not round intermediate calculations.)Value of the car

Answer 1

Let

x ----> value of the car in very nice condition

we know that

1 3/4 x=62,125 ----> linear equation that represent this situation

Solve for x

but first

Convert mixed number to an improper fraction or decimal number

1 3/4=1+3/4=1+0.75=1.75

substitute

1.75x=62,125

x=62,125/1.75

x=35,500

therefore

the answer is $35,500