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Answer :
Value of the manuscript is as follows
A. The value of the manuscript 5 years ago is $250.
B. The value of the manuscript now is $10,000.
Appreciation is an increase in the value of an asset over time. This is unlike depreciation, which lowers an asset's value over its useful life. The appreciation rate is the rate at which an asset grows in value.
% increase=(new price - original price) / original price
8.0= 2000/original price
8*original price = 2000
original price = $250
So the value of the manuscript 5 years ago is $250.
Increase is 2000 , 5 times that.
new price is $10,000
The value of the manuscript now is $10,000.
Hence , the manuscript has the following value:
A. The manuscript was worth $250 five years ago.
B. The manuscript is currently worth $10,000.
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