a house on the market was valued at $323,000. after several years, the value decreased by 8%. by how much…

a house on the market was valued at $323,000. after several years, the value decreased by 8%. by how much did the houses value decrease in dollars? what is the current value of the house? decrease in value: $ current house value: $

a house on the market was valued at $323,000. after several years, the value decreased by 8%. by how much did the houses value decrease in dollars? what is the current value of the house? decrease in value: $ current house value: $

Answer

Explanation:

Step1: Calculate the decrease amount

The decrease is 8% of the original value. The original value of the house is $323,000. The formula for the decrease amount is $\text{Decrease amount}=\text{Original value}\times\text{Percentage decrease}$. So, $\text{Decrease amount}=323000\times 0.08$. $323000\times0.08 = 25840$

Step2: Calculate the current value

The current value of the house is the original value minus the decrease amount. The formula is $\text{Current value}=\text{Original value}-\text{Decrease amount}$. So, $\text{Current value}=323000 - 25840$. $323000-25840=297160$

Answer:

Decrease in value: $25840 Current house value: $297160