SOLUTION: Bubba has a collection of baseball cards that went up in value by 4% since last year. It is presently worth $125.99. What was the worth of the cards last year?

SOLUTION: Bubba has a collection of baseball cards that went up in value by 4% since last year. It is presently worth $125.99. What was the worth of the cards last year?

Algebra.Com

Question 1040114: Bubba has a collection of baseball cards that went up in value by 4% since last year. It is presently worth $125.99. What was the worth of the cards last year?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
P=Po{1+.04}
125.99=1.04P
P=$121.14
RELATED QUESTIONS
The value of Jamie's baseball card collection rose 30% in the last year. It is now worth... (answered by josmiceli)

Seven years ago, Kodi found a box of old baseball cards in the garage. Since then, he has (answered by ankor@dixie-net.com)

Juan's baseball card collection was worth $800. Over the last 5 years, the collection... (answered by stanbon)

You collect baseball and football card. Your uncle has an old collection of 360 cards... (answered by doukungfoo)

The value of a professional basketball player's autograph rose 20% in the last year. It... (answered by Cromlix)

The value of a professional basketball player's autograph rose 20% in the last year. It... (answered by ikleyn)

A man invested $5,000 in two mutual funds. Last year one of the funds went up by 7% and... (answered by smith123)

7. The value of a property declines every year by 4%. Presently, its value is $910,000.... (answered by stanbon)

The value of a property declines every year by 5%. Presently, its value is $350,000. What (answered by stanbon,Sarpi)