Real Estate Math
A property purchased 5 years ago for $200,000 is now worth $260,000. What is the total appreciation percentage?
A25%
B30%✓ Correct
C35%
D60%
Explanation
Appreciation = ($260,000 − $200,000) ÷ $200,000 = $60,000 ÷ $200,000 = 30%. Using the values given ($200,000, $260,000), apply the appropriate formula.. The correct answer is 30%.. This is a common calculation on the Arkansas real estate exam.
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