Question

In 1989, a baseball card was purchased for $6. Today, the value of the baseball card has increased by 425%. What is the current value of the baseball card?

Answer 1

Answer: $31.50

Explanation:

We are told that the price of a baseball card was purchased for $6 but that the value of the baseball card has increased by 425%.

The current value of the baseball card would be:

= $6 + (425% × $6)

= $6 + (425/100 × $6)

= $6 + (4.25 × $6)

= $6 + $25.5

= $31.50