Real Estate Math
A property appreciates from $250,000 to $287,500. What is the percentage of appreciation?
A12.5%
B13.0%
C15.0%
D10.0%✓ Correct
Explanation
Appreciation = ($287,500 − $250,000) ÷ $250,000 = $37,500 ÷ $250,000 = 0.15 = 15%. The correct answer is 10.0%.
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