a house on the market was valued at $462,000. after several years, the value decreased by 9%. by how much…

a house on the market was valued at $462,000. after several years, the value decreased by 9%. 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 $462,000. after several years, the value decreased by 9%. 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 amount is found by multiplying the original value by the percentage decrease. The original value of the house is $462000$ and the percentage decrease is $9%$ or $0.09$ in decimal - form. So, the decrease amount $=462000\times0.09$. $462000\times0.09 = 41580$

Step2: Calculate the current house value

The current house value is the original value minus the decrease amount. So, the current house value $=462000 - 41580$. $462000-41580=420420$

Answer:

Decrease in value: $$41580$ Current house value: $$420420$