SOLUTION: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?

SOLUTION: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?

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Question 108308: A home purchased for $300,000 depreciated 8% over a 1-year period.
What was the value of the home at the end of the year?

Answer by Annabelle1(69) (Show Source): You can put this solution on YOUR website!
you need to find 8% and minus is from the original value
8% of 300000 is 8/100*300000=24000
300000-24000=$276000
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