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The average price of a home in a certain town was $74,000 in 2012, but home prices have been falling by 8% per year. What will be the price of the home in 2020?

The average price of a home in a certain town was $74,000 in 2012, but home prices have been falling by 8% per year. What will be the price of the home in 2020?
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The average price of a home in a certain town was $74,000 in 2012, but home prices

have been falling by 8% per year. What will be the price of the home in 2020?

User Dlauzon
by
7.8k points

1 Answer

4 votes

Answer:

$47,360

Explanation:

8 percent X 8years is equal to 64percent

74,000 X 64/100=47,360 dollars

User WouterD
by
8.3k points
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