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murzikaleks [220]

3 years ago

7

The price of a house is originally listed at $110,000. The owners are having a hard time selling it and decide to reduce the pri

ce to $101,200. What is the percentage decrease of the price of the house?

1 answer:

denis-greek [22]3 years ago

6 0

Answer:

8%

Step-by-step explanation:

110000 - 101200 = 8800 (change)

change/original price X 100

8800/110000 = 0.08

0.08 X 100 = 8

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For this case we have a function of the form:
y = A * (b) ^ t
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t: time
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y = 100000 * (1.10) ^ 4
y = 146410
Answer:
the value of his house at the start of 2018 is:
y = 146410

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