### Home > INT3 > Chapter 7 > Lesson 7.2.5 > Problem7-111

7-111.
1. A two-bedroom house in Seattle was worth $400,000 in 2005. Its appreciation rate is 3.5% each year. Homework Help ✎ 1. How much is the house 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

Using the equation you wrote 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%?