SOLUTION: A house on the market was valued at $288,000 . After several years, the value decreased by 19% . By how much did the house's value decrease in dollars? What is the current va

Algebra ->  Finance -> SOLUTION: A house on the market was valued at $288,000 . After several years, the value decreased by 19% . By how much did the house's value decrease in dollars? What is the current va      Log On


   

Question 1008089: A house on the market was valued at
$288,000
. After several years, the value decreased by
19%
. By how much did the house's value decrease in dollars? What is the current value of the house?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
The price decreases by $288,000*(0.19)=$54,720
The current value is then $233,280.