Acar normally depreciates 30% in value in the first year. a car is worth $11,074 after the first year. what was its original value?

Original value of the car is 15,820

Original value = ?
Rate of depreciation = 30%
Net value = 11,074

Original value = net value / (100% - depreciation rate)
                       = 11,074 / (100% - 30%)
Original value = 11,074 / 70%
Original value =  15,820

Depreciation value = Original value * depreciation rate
                               = 15,820 * 30%
                               = 4,746
Net value = Original value - Depreciation value         
                 = 15,820 - 4,746
                 = 11,074

Dis the correct answer