Question

A house on the market was valued at $442,000. After several years, the value decreased by 15%. By how much did the house's value decrease in dollars? What is the current

Answer 1

decrease = 15% x $442,000
decrease = 0.15 x $442,000
decrease = $66,300

the house's value decreased by $66,300.

current value = original value - decrease
current value = $442,000 - $66,300
current value = $375,700

the current value of the house is $375,700.