Question

In the year 2000, a very valuable necklace sold at an auction for $7,096,000. In the year
2019, that same necklace sold for $11,818,500. What was the % increase in the value of the
necklace? (Type your answer below as a percent rounded to one decimal place)

Answer 1

The percentage rise in the amount of the necklace is 66.6%.

Given that

• In the year 2019, the necklace sold for $11,818,500.
• And, in the year 2000, the necklace was sold for $7,096,000.

Based on the above information, the percentage increase in the value of the necklace is

= ($11,818,500 - $7,096,000) ÷ $7,096,000

= 66.6%

Therefore we can conclude that the percentage rise in the amount of the necklace is 66.6%.

Learn more: brainly.com/question/2155156