### Home > CCA2 > Chapter 7 > Lesson 7.2.4 > Problem7-166

7-166.
1. A two-bedroom house in Seattle was worth $400,000 in 2005. If it appreciates at a rate of 3.5% each year: Homework Help ✎ 1. How much will it be worth in 2015? 2. When will it be worth$800,000?

3. In Jacksonville, houses are depreciating at 2% per year. If a house is worth $200,000 now, how much value will it have lost in 10 years? Write an equation based on the general exponential equation: y = abx about$564,240

In the equation you found in part (a), let y = 800,000.

in 2025

The multiplier is NOT 0.02. What percent of the value of a home remains each year if it is depreciating at 2%?