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? A) $278,000 B) $272,000 C) $274,000

Algebra ->  Customizable Word Problem Solvers  -> Misc -> 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? A) $278,000 B) $272,000 C) $274,000       Log On

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Question 99698: 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?
A) $278,000
B) $272,000
C) $274,000
D) $276,000
I came up with $276,000 is that correct?

Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
300000*.08=24000
300000-24000=276000
you are correct.
congratulations.
Ed