Question

Shanna's collection of antique pottery has increased in value over the past two years. Two years ago, the value of her collection was $755. If the value increased 5% during the first year and 7% during the next year, what is the current value?

Answer 1

The current value is $848.24. I found the answer by, first multiplying $755 by 5% and adding $37.75 by $755. Next multiplying $792.75 by 7% and adding $55.49 by $792.75.