Asked by justin

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.
$9,201.60
b.
$5,633.80
c.
$17,750.00
d.
$45,642.86


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
12,780 = 0.72 × MSRP, so MSRP = 12,780 ÷ 0.72 = 17,750.00.

Answer: C