Question

A house on the market was valued at $484,000 . After several years, the value decreased by 8%. By how much did the house's value decrease in dollars? What is the current value of the house?

Answer 1

The current value is $445280

Explanation:

Given data

value of house= $484,000

percent decrease= 8%

let us find 8% of $484,000

=8/100*484,000

= 0.08*484,000

= $38720

Hence the house decrease by $38720

The new value is = 484,000-38720

= $445280