Question
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?
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?
Answers
Ms. Sue
220,000 * 1.15 = 253,000
253,000 * 0.88 = 222,640
253,000 * 0.88 = 222,640
oop
222,640