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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?
12 years ago

Answers

Ms. Sue
220,000 * 1.15 = 253,000

253,000 * 0.88 = 222,640

12 years ago
oop
222,640
9 years ago

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