Question

A house was purchased for $175,000. Due to a crash in the market, it is depreciating at a rate of 2.5% each year. Write a function to represent the situation: And how much was the house after 5 years

Answer 1

105,000

Explanation:

2.5 of 175,000 is 14,000 and then you multiply 14,000 by 5 which is 70,000 then subtract 70,000 from 175,000 which gives you the answer