Question

At the end of any year a car is worth 5% less than what it was worth at the
beginning of the year. If a car was worth $9 500 in December 2016, then its
value in January 2016 was
​

Answer 1

If it was $9500 in december 2016, the car’s worth dropped 5% of what it was worth in january 2016 (as per the condition mentioned)
So, x - (5x/100) = 9500
=> (19x/20) = 9500
=> x = (9500 x 20)/19 = 500 x 20 = 10000