One year, Alex bought an antique car for his birthday. During the first year he owned it, the
value of the car gained 10%. During the second year, the value of the car gained another
15% from the previous year. If the value of the car is now $37,950.00, how much did Alex
originally pay for his car?

One year Alex bought an antique car for his birthday During the first year he owned it the value of the car gained 10 During the second year the value of the ca class=

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Answer:

28462.5

Step-by-step explanation:

During the first year it gained 10% and during his second year he gained 15% so you first add those and you get 25%.

Then you multiply 25% with 37,950.

25/100 * 37950 = 948,750/100

= 9487.5

To get the original amount you subtract 9487.5 from 37,950

37,950 - 9487.5 = 28462.5

So the original amount was 28462.5