Question

A house on the market was valued at $274,000. After several years, the value decreased by 17%. By how much did the house's value decrease in dollars? What

is the current value of the house?

Answer 1

The house's value decreased by $46580

The current value of the house is $227420

Explanation:

How much did the house's value decrease in dollars?

17% = 0.17

$274,000 x 0.17 = $46580

So, the house's value decreased by $46580

What is the current value of the house?

$274,000 - $46580 = $227420

So, the current value of the house is $227420