A car that originally cost $4,053 in 1955 is valued today at $66,000 if in excellent condition. Which is 234234 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?Note: Do not round intermediate calculations.
Question
A car that originally cost 66,000 if in excellent condition. Which is 234234 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?Note: Do not round intermediate calculations.
Solution
Let's denote the value of the car in very nice condition as V.
From the problem, we know that the car in excellent condition is valued 234234 times as much as the car in very nice condition.
So, we can write this relationship as:
66000 = 234234 * V
To solve for V, we divide both sides of the equation by 234234:
V = 66000 / 234234
V = 0.2819
So, the value of the car in very nice condition would be $0.2819.
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