The original price was $259,000.
The price has increase 7%, so we can calculate what amount it represents multiplying the original price by the 7% (in decimal form):
[tex]\text{Increase}=259000\cdot\frac{7}{100}=259000\cdot0.07=18130[/tex]
We can find the current value by adding the original price and the increase:
[tex]\begin{gathered} \text{Current value=Original value+Increase} \\ \text{Current value=}259000+18130 \\ \text{Current value=}277130 \end{gathered}[/tex]
Answer:
Increase = $ 18,130
Current value = $ 277,130
