Henry is at the end of a three-year lease for his car. his leasing company says that his car is currently worth $12,780, a 72% residual value. determine the original msrp of henry’s leased car. a.$9,201.60 b.$5,633.80 c.$17,750.00 d.$45,642.86

Option C is correct.

Step-by-step explanation:

Given: Residual value is 72% of the original MSRP of Henry’s leased car

To find: Original MSRP of Henry's Leased Car.

let, the original MSRP of Henry’s leased car is x

So, we know that

Residual value = 72% of x

Current worth of Henry's car = $12780

According to the Question,

Residual Value = Current worth of the car

72% of x = 12780

x = 17550

Hence, Original MSRP of  Henry's leased car is $17750

Therefore, Option C is correct.