Register
You buy a house for $230,000. It depreciates 3% per year. How much is it worth in 5 years? a. Write the equation. b. Solve the problem.
114k views
9 votes
You buy a house for $230,000. It depreciates 3% per year. How much is it worth in 5 years?

a. Write the equation.
b. Solve the problem.

User Anjali Bhimani
by
5.1k points

1 Answer

13 votes
I honestly don’t know the equation but I just took the starting price, $230,000 and multipled it by .03 which was 6,900 and subtracted that from 230,000: 223,190. I repeated that 5 times. The answer I got is 197,508.83
User Sunil Sharma
by
5.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Link Copied!