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Question
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After a serious automobile accident, most insurance companies will replace the damaged car with a new one if repair costs exceed of the NADA, or "blue-book," value of the car. Lorenzo's car recently sustained worth of damage but was not replaced. What was the bluebook value of his car?
Solution
VerifiedStep 1
1 of 2Let be the blue-book value of the car.
The conditions of the problem translate to
Using the properties of inequality, the inequality above is equivalent to
Since the car was not replaced, then the blue-book value of the car, is greater than
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