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

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Question 47870This question is from textbook Beginning Algebra
: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home after at the end of the year? This question is from textbook Beginning Algebra

Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
300,000 - 300,000(0.08)
300,000 - 24,000
276,000
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