Question

Wilson bought a painting for x dollars. After 1 year, the value of the painting increased by 5%. Which expression best represents the new value of the painting?

Answer 1

Data:

Initial amount: x

Percent of increase: 5%

New value: N

To find the new value you multiply the inital value x by the percent of increase (5%=5/100=0.05) and add that to the initial amount:

$N=x(0.05)+x$