Question

It is predicted that the value of a home will decrease by a rate of 4.6% annually due to a recent recession. Today, the value of the home is $185,000. What is the predicted value of the home in 6 years?

Answer 1

$139 463.95

Explanation:

100% - 4.6% = 95.4%

95.4% ÷ 100 = 0.954

0.954 --> decimal multiplier

$185 000 × 0.954^6 = $139 463.95

Hope this helps! <3