SOLUTION: A house on the market was valued at $301,000 . After several years, the value decreased by 7% . By how much did the house's value decrease in dollars? What is the current val

Algebra ->  Finance -> SOLUTION: A house on the market was valued at $301,000 . After several years, the value decreased by 7% . By how much did the house's value decrease in dollars? What is the current val      Log On


   

Question 1104959: A house on the market was valued at
$301,000
. After several years, the value decreased by
7%
. 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 new value is $301000*0.93=$279,930
The decrease is $21,070.