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

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A home was purchased for 300,000 depreciated 8%over a 1-year period.What was the value of the home at the end of the year?      Log On


   

Question 126462: A home was 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 checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
300,000(1-.08)=300,000*.92=$276,000 answer.