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A student won a medal worth $3000. If the medal's value increases by 15% after a

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Question: A student won a medal worth $3000. If the medal\'s value increases by 15% after a year, what will be its new value?

Options:

  1. $3450
  2. $3600
  3. $3300
  4. $3150

Correct Answer: $3450

Solution: 

New value = $3000 + (15/100 * 3000) = $3000 + $450 = $3450.

A student won a medal worth $3000. If the medal's value increases by 15% after a

Practice Questions

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?
  1. $3450
  2. $3600
  3. $3300
  4. $3150

Questions & Step-by-Step Solutions

A student won a medal worth $3000. If the medal's value increases by 15% after a year, what will be its new value?
  • 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.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
  • Basic Arithmetic – Performing addition and multiplication to find the new value after the increase.
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