Answer:
Decrease in value = $25,480
Current house value = $338,520
Step-by-step explanation:
First of all, we have to find 7% of $364,000.
To do this we can multiply 364,000 by 7, and then divide the result by 100 (because percentages are pretty much fractions with a denominator of 100).
364,000 × 7 = 2,548,000
2,548,000 ÷ 100 = $25,480 (This is how much the value decreased in dollars)
To find the current house value, you just subtract the value decreased ($25,480) from the original value ($364,000).
364,000 - 25,480 = $338,520
There are other ways to do this, that are easier in other circumstances, but I think this is simplest <3
