Question

A collector bought a rare coin for $30. The coin is now valued at $37.50. Select all the true statements.

•The percent change is 75%.
•The scenario represents a percent increase.
•The percent change is 25%.
•The scenario represents a percent decrease.
•The percent change is 20%.

Answer 1

The percent change is 25%. The scenario represents a percent increase.

Step-by-step explanation:

The percent change can be calculated using the formula:

Percent Change = ((New Value - Old Value) / Old Value) * 100%

In this scenario, the old value is $30 and the new value is $37.50. Therefore, the percent change is ((37.50 - 30) / 30) * 100% = 25%.

Since the value of the coin increased from $30 to $37.50, the scenario represents a percent increase.

Hence, the true statements are:

• The percent change is 25%.
• The scenario represents a percent increase.

Answer 2

The second and third are correct

Step-by-step explanation:

It gain value by 25 percent

30 times 1.25 is 37.5