Algebra-1

To find the original price of the car when it was new, we can use the formula for exponential depreciation:

V = A⋅(1 - r)^t

Where:
V is the current value of the car ($6,700)
A is the original price of the car when it was new (unknown)
r is the depreciation rate (14.15% or 0.1415)
t is the number of years (8)

Plugging in the values, we hav...