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December 22, 2014

Homework Help: Math

Posted by Roger on Sunday, February 6, 2011 at 2:15pm.

Because of a recession, the value of a new house depreciated 10% each year for 3 yr in a row. Then, for the next 3 yr, the value of the house increased 10% each year. Did the value of the house increase or decrease after 6 yr? Explain.

I feel that the house did not increase at all in the 6 years because the gains in the last 3 years offset the initial losses in the first three years.

What do you think?

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