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AlgebraQ&A LibraryAfter a serious automobile accident, most insurance companies will replace the damaged car with a new one if repair costs exceed 80% of the NADA, or “blue-book,” value of the car. Lorenzo’s car recently sustained $9200 worth of damage but was not replaced. What was the blue-book value of his car?Question

Asked Jan 25, 2020

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After a serious automobile accident, most insurance companies will replace the damaged car with a new one if repair costs exceed 80% of the NADA, or “blue-book,” value of the car. Lorenzo’s car recently sustained $9200 worth of damage but was not replaced. What was the blue-book value of his car?

Step 1

Let $x be the blue-book value of his car.

Step 2

Given that, after a serious automobile accident, most insurance companies will replace the damaged car with a new one if repair costs exceed 80% of the NAD...

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