Question

A house was valued at $238,000. Over several years, the value decreased by 16%, giving the house a new value.
(a) Fill in the blank to write the new value in terms of the old value.
Write your answer as a decimal.
New value = 1 x Old value
(1) Use your answer in part (a) to determine the new value.
New value: 0

Answer 1

Answer:

The new value of the house after the 16% decrease would be $199,920.

Step-by-step explanation:

Given that a house was valued at $ 238,000, and over several years, the value decreased by 16%, giving the house a new value, to determine the new value the following calculation must be performed:

238,000 - (238,000 x 0.16) = X

238,000 - 38,080 = X

199.920 = X

Thus, the new value of the house after the 16% decrease would be $ 199,920.