Question

a house was valued at $289,000. over several years, the value decreased by 7%, 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 = \\(\square\\) × old value
(b) use your answer in part (a) to determine the new value.
new value: $\square

Explanation:

Step1: Find remaining value percentage

$1 - 0.07 = 0.93$

Step2: Calculate new house value

$\$289000 \times 0.93 = 268770$

Answer:

(a) 0.93
(b) $\$268770$