83. theodore purchased a vintage painting from an art dealer worth $480. the dealer noted that the value of…

83. theodore purchased a vintage painting from an art dealer worth $480. the dealer noted that the value of the painting will increase by 12 percent per year. what is the initial value of the painting?\n1.12\n12\n0.12\n480

83. theodore purchased a vintage painting from an art dealer worth $480. the dealer noted that the value of the painting will increase by 12 percent per year. what is the initial value of the painting?\n1.12\n12\n0.12\n480

Answer

Explanation:

Step1: Identify the key - value

The problem states that Theodore purchased a vintage painting worth $480, and this is the initial value.

Answer:

480