Answer: A bond purchased at $500.00 now has a value of $650.00 what is the percent increase of its value?
To make it simple for you, the final ANSWER is a 30% increase, due to the fact that taking $500.00 and multiplying that by 0.3 gives you 150, which you add on to 500, giving you 650. Hope that helps!
Answer: The required percent increase in the bond's value is 30%.
Step-by-step explanation: Given that a bond purchased at $500.00 now has a value of $650.00.
We are to find the percent increase of the value of bond.
According to the given information, we have
Purchasing value of the bond = $500.00
and
present value of the bond = $650.00.
So, increase in the value of the bond = $(650.00 - 500.00) = $150.00.
Therefore, the percent increase of the bond's value is given by
[tex]\dfrac{150.00}{500.00}\times 100\%=\dfrac{3}{10}\times 100\%=30\%.[/tex]
Thus, the required percent increase in the bond's value is 30%.
