Question

An antique desk,that once belonged to President Kennedy, appreciates in value by 15% per year. If Mark Zuckerberg were to purchase the desk for $50,000,how much would it be worth from now?

Answer 1

$57500

Explanation:

Given data

Initial cost of desk= $50,000

Percent increase=15%

=15/100*50,000

=0.15*50,000

=$7500

Hence the new price is 7500+50,000

=$57500