4
QuizMultiple Choice

Personal Assets — Quiz

Question 4 • Advanced Financial Algebra

A rare book was purchased for $⁢120 and is now valued at $⁢156 What is the percent increase in its value?

Answer
A
28 percent
B
32 percent
C
23 percent
D
30 percent

Explanation

The value increased by $156 − $120 = $36. Divide the increase by the original value and multiply by 100: ($36 ÷ $120) × 100 = 30%. The correct choice is A, 30 percent.

AI-written and checked against the verified answer.

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