Question

A bond purchased at $500.00 now has a value of $650.00 what is the percent increase of its value?

Answer 1

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 2

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

$\dfrac{150.00}{500.00}\times 100\%=\dfrac{3}{10}\times 100\%=30\%.$

Thus, the required percent increase in the bond's value is 30%.