The Price of a New Car Increased by 2/3 Over

question 135

Short Answer

The price of a new car increased by 2/3 over the last five years. If the original price of the car was $12,000, what is the price today?

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Definitions:

Charlie Company

A designation often used in military or tactical settings to refer to the third company in a given sequence, but may not have a widely recognized definition outside such contexts.

Anticipated Rate

The expected rate of return or interest rate foreseen on an investment or loan.

Investors

are individuals or entities that allocate capital with the expectation of receiving financial returns, involving various levels of risk and investment types.

Seeking

Seeking refers to the process of searching or looking for specific information, opportunities, or resources.