# mcc

posted by .

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

## Similar Questions

1. ### Math

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?
2. ### College Algebra

Tina invested \$30,000 in a stock. In the first year, the stock increased in value by 10%. In the second year, the stock decreased in value by 20%. What percentage gain is requird in the third year for Tina's stock to return to its …
3. ### Math130

Because of a recession, the value of a new house depreciated 10% each year for three years in a row. Then, for the next three years, the value of the house increased 10% each year. Did the value of the house increase, decrease, or …
4. ### math

Real Estate an office building purchased for \$1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula …
5. ### Math

Real Estate an office building purchased for \$1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula …
6. ### Math

Jake bought a car for \$15,000. Each year the value goes down by 30% of its value the previous year. Write the expression that gives the value(V) after (t)years.