Question

A house was valued at $388,000. Over several years, the value decreased by 19%, giving the house a new value.

(a) Fill in the blank to write the new value in terms of the old value.
Write your answer as a decimal.
New value = x Old value
(b) Use your answer in part (a) to determine the new value.
New value: s
X
5

Answer 1

(a) New value = 0.81 * Old value

(b) New value = 0.81 * $388,000 = $313,480.