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A student won a medal worth $3000. If the medal's value increases by 15% after a
A student won a medal worth $3000. If the medal's value increases by 15% after a year, what will be its new value?
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Practice Questions
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Q1
A student won a medal worth $3000. If the medal's value increases by 15% after a year, what will be its new value?
$3450
$3600
$3300
$3150
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New value = $3000 + (15/100 * 3000) = $3000 + $450 = $3450.
Questions & Step-by-step Solutions
1 item
Q
Q: A student won a medal worth $3000. If the medal's value increases by 15% after a year, what will be its new value?
Solution:
New value = $3000 + (15/100 * 3000) = $3000 + $450 = $3450.
Steps: 5
Show Steps
Step 1: Start with the original value of the medal, which is $3000.
Step 2: Calculate 15% of the original value. To do this, multiply $3000 by 15/100.
Step 3: Perform the multiplication: $3000 * 15/100 = $450.
Step 4: Add the increase ($450) to the original value ($3000).
Step 5: Calculate the new value: $3000 + $450 = $3450.
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