The value of a professional basketball player's autograph rose 20% in the last year. it is now worth $336.00. what was it worth a year ago?
a. $280.00
b. $300.00
c. $260.00
d. $290.00

The value of basketball player's autograph a year ago is $280

Step-by-step explanation:

Given as :

The present value of autograph = $ 336.00

The rate of increase of autograph = 20%

The time period = 1 year

Let The value one year ago = $ x

So ,

The value of autograph after n year = The present value ×

Or, $ 336.00 = $ x ×

Or, $ 336.00 = $x × 1.2

∴ x = = $280

Hence The value of basketball player's autograph a year ago is $280 Answer

2

step-by-step explanation: