A house was purchased in 2005 for $150,000. It is now valued at $135,000. What is the rate (percent) of depreciation for the house? ( PRECENT DECREASE)
A) 12%
B) 10%
C) 11%
D) Other
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Option b is correct
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Answer:
B.10 - Divided 150 by 10 you get 15 then add the zeros 15,000 and that is what the money subtracted was worth so the answer is ten percent.
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