<h3>y = 500(1.12) is the equation could be used to find the new value</h3><h3>The new value is 560</h3>
<em><u>Solution:</u></em>
Given that,
A value of 500 increases by 12%
To find: equation could be used to find the new value
Therefore,
Initial value = 500
Increase rate = 12 %
Let "y" be the new value
Thus the equation is:
new value = Initial value + 12 % of Initial value
Thus the equation is found. Option B is correct
Solve it
Thus the new value is 560
