Monica bought a car for $x 3 years ago. Due to an inflation rate of 6% p.a. this car is now worth Mexican peso 50,000. Calculate the cat's original purchase price

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Feb 24, 2021 3.0k views

1 vote

Monica bought a car for $x 3 years ago. Due to an inflation rate of 6% p.a. this car is now worth Mexican peso 50,000. Calculate the cat's original purchase price

Mathematics
high-school

Colin Goudie asked

by Colin Goudie

3.6k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

2 votes

Answer:

its 60198.6

Explanation:

use the formula present price=orginal price(1-rate/100)^years

Johnthagen answered Mar 2, 2021

by Johnthagen

4.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.8m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions