Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Virginia buys a sculpture to display in her office. She paid $13,000 for the sculpture. A year later, the sculpture is appraised for $16,900. Because of the artist's rising popularity, the art appraiser tells her she can expect to see the same percent increase for at least the next ten years.What is the percent increase? (not the growth factor, JUST the percent increase)

Sagot :

Set 13000 to be 100% (100%=1); then, if x is the corresponding percentage to 16900,

[tex]\begin{gathered} \frac{1}{13000}=\frac{x}{16900} \\ \Rightarrow x=\frac{16900}{13000}=1.3=130\% \end{gathered}[/tex]

Therefore, the percentage increase is 130%-100%=30%. The answer is 30%

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.