Question

Jeremy bought a collectible model airplane for $575. One year later, the value increased by 112%. What is the new value of the airplane.

Answer 1

Explanation:

$639.40.

.575x112=64.4

64.4+575=639.4

Answer 2

$1219

Explanation:

original value of the model airplane = $575

percentage increase = 112%

First we need to find the value of the percentage increase

`= (112)/(100) * 575`

= $644

so $644 is the increase in one year

then the new value of the model airplane

= original value + increase in value

= $575 + $644

= $ 1219

so therefore the new value of the model airplane is $1219.