220,000 * 1.15 = 253,000
253,000 * 0.88 = 222,640
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?
2 answers
222,640
1 answer