Real Estate Math
A buyer purchases a property for $560,000 and sells it 3 years later for $672,000. What is the percentage increase in value?
A16.67%
B19.05%
C20.00%✓ Correct
D21.43%
Explanation
Increase = $672,000 − $560,000 = $112,000. Percentage increase = ($112,000 ÷ $560,000) × 100 = 20.
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