SOLUTION: Perry just learned that his house increased in value by 4% over the past year. The value of the house is now 208,000. What was the value of the house a year ago?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Perry just learned that his house increased in value by 4% over the past year. The value of the house is now 208,000. What was the value of the house a year ago?       Log On


   

Question 1126622: Perry just learned that his house increased in value by 4% over the past year. The value of the house is now 208,000. What was the value of the house a year ago?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
x + 0.04x = 208,000
1.04x = 208,000
x = 208,000/1.04 use your calculator