SOLUTION: A home purchased for $400,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?

Algebra ->  Algebra  -> Expressions-with-variables -> SOLUTION: A home purchased for $400,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   


Question 127656: A home purchased for $400,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?
Answer by josmiceli(6793) About Me  (Show Source):
You can put this solution on YOUR website!
Value = 400000+-+.08%2A400000
Value = 400000%281+-+.08%29
Value = 400000%2A.92
Value = 368000 answer