SOLUTION: A rare manuscript increased in value 600% over the past 3 years. This was an increase of $1,140. What was the value of the manuscript 3 years ago? What is the value of the manuscri

Algebra ->  Finance -> SOLUTION: A rare manuscript increased in value 600% over the past 3 years. This was an increase of $1,140. What was the value of the manuscript 3 years ago? What is the value of the manuscri      Log On


   



Question 1083678: A rare manuscript increased in value 600% over the past 3 years. This was an increase of $1,140. What was the value of the manuscript 3 years ago? What is the value of the manuscript now?
The value of the manuscript 3 years ago was $_____.
The manuscript is now worth $_____.

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
% increase=(new price-original price)/original price
6.0=1140/original price
6*original price=1140
original price=$190 (a)
increase is 1140, 6 times that.
new price is $1330. (b)