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mcc

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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 -

    220,000 * 1.15 = 253,000

    253,000 * 0.88 = 222,640

  • mcc -

    222,640

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