Answer:
Farrah purchased the car in 2016 at the price of $22,440.
Step-by-step explanation:
Given:
Cost of the car in 2017 = $20,140
Depreciation in the cost after 2016 was = $2300
To find cost of the car in 2016.
Solution:
Let cost of the car in dollars in 2016 be = [tex]x[/tex]
Depreciation in value after a year was by = $2300
Thus, cost of car in dollars in 2017 will be = [tex]Original\ cost-Depreciation\ =x-2300[/tex]
Given cost of car in 2017 = $20,140
So, we have:
[tex]x-2300=20140[/tex]
Solving for [tex]x[/tex]
Adding 2300 both sides.
[tex]x-2300+2300=20140+2300[/tex]
∴ [tex]x=22440[/tex]
Thus, cost of the car in 2016 was = $22,440
