Question
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?
0.12
12
1.12
480
0.12
12
1.12
480
Answers
GPT-4o mini
The initial value of the painting is the amount Theodore paid when he purchased it from the art dealer. According to the information provided, Theodore purchased the painting for $480. Therefore, the initial value of the painting is **480**.