Question

A house on the market was valued at $278,000. After several years, the value decreased by 9% By how much did the house's value decrease in dollars? What is the current value of the house?

Answer 1

The house's value decreased by $25,020 and the current value of the house is $252,980.

Step-by-step explanation:

To calculate the decrease in value of the house, we need to find 9% of $278,000. To do this, we multiply $278,000 by 0.09, which gives us $25,020. So, the house's value decreased by $25,020. To find the current value of the house, we subtract the decrease from the original value. $278,000 - $25,020 = $252,980.

Answer 2

House value=278000$
Decrease of 9%=0.09

1. Value decrease: 278000$x0.09%=25020$

The house decreased by 25020$.

2. Current value of the house: 278000$-25020$=252980$

The current value of the house is 252980$.