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

## Answer This Question

## Related Questions

- Algebra - Because of a recession, the value of a new house depreciated 10% each ...
- math - Mr. kumar bought a car for $5,000 during the first year, it's value ...
- Math - Because of a recession, the value of a new house depreciated 10% each ...
- Math - Real Estate an office building purchased for $1, 200,000 is appreciating ...
- math - Real Estate an office building purchased for $1, 200,000 is appreciating ...
- College Algebra - Tina invested $30,000 in a stock. In the first year, the stock...
- MA112 HELP PLEASE - Because of a recession, the value of a new house ...
- Math130 - Because of a recession, the value of a new house depreciated 10% each ...
- math word problem - The owner of a rental house can depreciate its value over a ...
- Huge Math Word Problem - The owner of a rental house can depreciate its value ...

More Related Questions