A house on the market was valued at $278,000. After several years, the value decreased by 9% By how much did the house's value d ecrease in dollars? What is the current value of the house?
2 answers:
House value=278000$ Decrease of 9%=0.09 1. Value decrease: 278000$x0.09%=25020$ The house decreased by 25020$. 2. Current value of the house: 278000$-25020$=252980$ The current value of the house is 252980$.
Answer: 96
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