Question

A house on the market was valued at 238,000. After several years, the value decreased by 15% . By how much did the house's value decrease in dollars? What is the current value of the house? Decrease in value and current house value

Answer 1

The current house value is $202,300 and the house's decrease in dollars is $35,700.

Explanation:

The house on the market was valued at $238,000. After years, it decreased by 15%. So, let's calculate 15% of the total amount.

238,000 x 0.15 = $35,700

Therefore, the house's decrease in dollars is $35,700

To calculate the current value of the house, we need to subtract the value decrease from the original amount.

238,000 - 35,700 = $202,300

Therefore, the current house value is $202,300.

Hope this helps! :)