Solve the problem.
-Sue buys a house for $\$ 416,000$. What is the value of the house 1 year later, if it depreciates by $3.7 \%$ in the first year after she buys it?
A) $\$ 153,920$
B) $\$ 15,392$
C) $\$ 400,608$
D) $\$ 262,080$

Question

Quizplus · Accepted Answer

The value of the house after 1 year, considering a 3.7% depreciation, is calculated by subtracting 3.7% of $416,000 from $416,000 itself. This results in $416,000 - ($416,000 * 0.037) = $416,000 - $15,392 = $400,608.

Solve the Problem $416,000\$ 416,000$416,000 What Is the Value of the House 1 Year

Solve the Problem $\$ 416,000$ What Is the Value of the House 1 Year