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Answer :
Given
A rare manuscript increased in value 400% over the past 4 years.
This was an increase of $1,000.
To find:
a) What was the value of the manuscript 4 years ago?
b) What is the value of the manuscript now?
Explanation:
It is given that,
A rare manuscript increased in value 400% over the past 4 years.
This was an increase of $1,000.
Then, let x be the value of manuscript 4 years ago.
That implies,
[tex]\begin{gathered} 400\%\times4x=1000+x \\ \frac{400}{100}\times4x=1000+x \\ 16x=1000+x \\ 16x-x=1000 \\ 15x=1000 \\ x=\frac{1000}{15} \\ x=\text{ \$}66.67 \end{gathered}[/tex]And, the value of the manuscript now is,
[tex]\begin{gathered} 4x=4(66.67) \\ =\text{ \$}266.67 \end{gathered}[/tex]Hence, the value of the manuscript is $66.67, and the value off the manuscript now is $266.67.
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