**Transcription for Educational Website:**---**Understanding Car Valuation Over Time**A car that originally cost $3,993 in 1955 is valued at $71,500 if in excellent condition today. This value is $2 \frac{3}{4}$ times as much as a car in very nice condition—if you can find an owner willing to part with one for any price.**Problem:**What would be the value of the car in very nice condition? *(Do not round intermediate calculations.)***Value of the car:**---**Instructions:**1. Consider the current value of the car in excellent condition.2. Understand the fractional multiplier for a car in very nice condition.3. Perform the calculation accurately, maintaining precision without rounding intermediate steps.---This exercise helps to comprehend how historical value appreciates under different conditions and requires basic arithmetic to solve the valuation.---

Volur X es lomework Proct X Maps Wishful Dreamer I... Missi X Value of the car Inc A X Servi X heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmic LLC X < Prev Saved Fashi X Gbubb x A car that originally cost $3,993 in 1955 is valued at $71,500 if in excellent condition. This is 23 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? (Do not round intermediate calculations.) 2 of 20 MacBook Pro Sear X Gsage x Next > H

Volur X es lomework Proct X Maps Wishful Dreamer I... Missi X Value of the car Inc A X Servi X heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmic LLC X < Prev Saved Fashi X Gbubb x A car that originally cost $3,993 in 1955 is valued at $71,500 if in excellent condition. This is 23 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? (Do not round intermediate calculations.) 2 of 20 MacBook Pro Sear X Gsage x Next > H

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

**Transcription for Educational Website:**

---

**Understanding Car Valuation Over Time**

A car that originally cost $3,993 in 1955 is valued at $71,500 if in excellent condition today. This value is $2 \frac{3}{4}$ times as much as a car in very nice condition—if you can find an owner willing to part with one for any price.

**Problem:**

What would be the value of the car in very nice condition? *(Do not round intermediate calculations.)*

**Value of the car:**

---

**Instructions:**

1. Consider the current value of the car in excellent condition.
2. Understand the fractional multiplier for a car in very nice condition.
3. Perform the calculation accurately, maintaining precision without rounding intermediate steps.

---

This exercise helps to comprehend how historical value appreciates under different conditions and requires basic arithmetic to solve the valuation.

---

Expert Solution

Step 1

Given that:-

Car price in excellent condition= $71,500

Car price is 2.75 times more in excellent condition as compare to very nice condition.

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

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