SOLUTION: Miguel's insurance company will replace his car if repair costs exceed 80% of the car's value. The car recently sustained $6400 worth of damage, but it was not replaced. what was t

Algebra ->  Finance -> SOLUTION: Miguel's insurance company will replace his car if repair costs exceed 80% of the car's value. The car recently sustained $6400 worth of damage, but it was not replaced. what was t      Log On


   



Question 304930: Miguel's insurance company will replace his car if repair costs exceed 80% of the car's value. The car recently sustained $6400 worth of damage, but it was not replaced. what was the value of the car.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The repair costs, $6400, did not exceed 80% of the
car's value, so
Let the car's value = v
.8v+%3E=+6400
v+%3E=+6400%2F.8
v+%3E=+8000
The car's value was greater than or equal to $8000