13. A house is purchased for $150,000 in 2002. The value of the house depreciates at a rate of 7%. How much is the house worth in 2013?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 9P
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13. A house is purchased for $150,000 in 2002. The value of the house depreciates at a rate of 7%. How
much is the house worth in 2013?
Transcribed Image Text:13. A house is purchased for $150,000 in 2002. The value of the house depreciates at a rate of 7%. How much is the house worth in 2013?
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