Select the correct answer.
Over time, the value of the property at 397 West Lake Street increased by 275%. If the initial value of the property was P, which expression represents the property’s current value?
A.
375P
B.
275P
C.
3.75P
D.
2.75P
D. 2.75P
To calculate the property's current value after increasing by 275%, we need to add the original value to 275% of the original value. In other words, we need to multiply the original value by 275% and then add that result to the original value.
The expression that represents the property's current value is:
(1 + 275%) * P
Simplifying the expression, we get:
(1 + 2.75) * P
So, the correct answer is:
D. 2.75P