Raphael purchased a 3-year-old car for $16,000. He was told that this make and model depreciates exponentially at a rate of 5.45% per year. What was the original price of the car
when it was new?

 $18,760.76

Step-by-step explanation:

16000 * 0.0545 = 872

16000 + 872 = 16872

16872 * 0.0545 = 919.52

16872 + 919.52 = 17791.52

17791.52 * 0.0545 = 969.64

17791.52 + 969.64 = 18760.76

hope this helps. if you need more help lmk. Happy Holidays!

150.6

all i did was i multiplied 5.02 by 30

for this case we must apply distributive property to the following expression:

the distributive property states that:

then, when applying the property we have to multiply the -2 for each term within the parenthesis: