A car that originally cost $3,943 in 1955 is valued at $64,125 if in excellent condition. This is 2 1/4 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?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
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A car that originally cost $3,943 in 1955 is valued at $64,125 if in excellent condition. This is 2 1/4 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?

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