SOLUTION: Jessica had her painting initially appraised at $4,500 in value years ago. Jessica just had her painting appraised again, and if she were to sell the painting for the new appraisal

Question 896763: Jessica had her painting initially appraised at $4,500 in value years ago. Jessica just had her painting appraised again, and if she were to sell the painting for the new appraisal price she would make a 29% return. What is the new appraisal price of Jessica�s painting?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
4500 * 1.29 = 5805.

the new appraisal price is 5805.

start with 4500.
29% of 4500 is equal to 1305.
add 1305 to 4500 to get 5805.

4500 + .29 * 4500 = 4500 * (1.29) = 1.29 * 4500 = 5805.

29% is equal to .29

29% of 4500 is equal to .29 * 4500

the percent divided by 100 is the rate.

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