Help plss! ): Calculate a Percent Increase or a Percent Decrease

Question

James purchases a property for $150,000 in 2015. In the first year of ownership the capital appreciation of the property (how much its value increases by per annum) is 4%. In year 2, the housing market suffers a crash and the house experiences a capital depreciation of 6%. Calculate the value of the property, to the nearest $1,000, at the end of year 2. Round your answer to the nearest $1,000.

Answer 1

150000 * (100% + 4%) * (100% - 6%) =

150000 * 104% * 94% =

150000 * 1.04 * 0.94 = 146640