Henry is at the end of a three-year lease for his car. his leasing company says that his car is currently worth $12,780, a 72% residual value. determine the original msrp of henry’s leased car.
a.$9,201.60b.$5,633.80c.$17,750.00d .$45,642.86

The original msrp of Henry’s leased car is $17,750

Step-by-step explanation:

Let's assume the original msrp of Henry’s leased car is x

we are given

residual value is 72% of the original msrp of Henry’s leased car

so, residual value is

his leasing company says that his car is currently worth $12,780

So, residual value must be equal to 12780

we get

now, we can solve for x

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step-by-step explanation: