Question

A house on the market was valued at 389,000. After several years, the value decreased by 7%. By how much did the house value decreased in the dollars? What is the current value of the house?

Answer 1

The decrease in the house value was $27,230

The current value is ($389,000 - $27,230), or $361.770

Explanation:

The decrease was 7%. In dollars, that comes to 0.07($389,000), or $27,230: The decrease in the house value was $27,230.