Posted by Anonymous on Wednesday, May 1, 2013 at 7:42pm.
Larry bought a house for $220,000.
After one year, its value appreciated (increased in value) by 15%.
During the second year, its value depreciated (decreased in value) by 12% from its value at the end of the first year.
What was the value of the house at the end of the second year?

mcc  Ms. Sue, Wednesday, May 1, 2013 at 7:57pm
220,000 * 1.15 = 253,000
253,000 * 0.88 = 222,640

mcc  oop, Friday, January 15, 2016 at 4:20am
222,640
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