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Answer :
Final answer:
The original value of the rare manuscript 8 years ago was approximately $195.56, and its current value, after an 800% increase, is now $1955.56.
Explanation:
To calculate the original value of the manuscript 8 years ago, we can set up a simple equation. Let x represent the original value of the manuscript. If the manuscript increased in value by 800%, then it became worth 800% more than the original value, which is 8 times x. The equation can be expressed as: x + 8x = x + $1760, with the total increase being $1760.
Combining like terms, we get 9x = $1760. Solving for x, we divide both sides by 9, giving us x = $1760 / 9. This calculates to x = $195.56 approximately. Therefore, the original value of the manuscript was $195.56.
The current value of the manuscript is the original value plus the increase, which is x + $1760. So, the current value is $195.56 + $1760, which equals $1955.56.
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