Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A home was sold in 2010 for $250,000. Its value
depreciated by 3.4% yearly. What is the value of the
house in 2012?

A Home Was Sold In 2010 For 250000 Its Value Depreciated By 34 Yearly What Is The Value Of The House In 2012 class=

Sagot :

musiclover10045

Depreciation formula: starting value x (1-rate)^time

250,000(1-0.034)^2 years

250000(0.996)^2= $233,289

The answer is $233,289

angelwillowheve

Answer:

$233,289

Step-by-step explanation:

250000 *.034=8500

250000-8500=241,500

repeat

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.