Question: Given normal use, a car will depreciate 2 8 % of its original cost the first year and 1 2 % of the remaining value

Given normal use, a car will depreciate 28% of its original cost the first year and 12% of the remaining value in the second year. What was the initial cost of a car if it had a value of $12,600 at the end of the second year?
Select one:
a.
$45,000
b.
$19,886.36
c.
$105,000
d.
$35,280

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