Real Estate Math
A home increases in value from $300,000 to $366,000. What is the annual appreciation rate over 3 years (simple)?
A7.33%✓ Correct
B6.67%
C22%
D8%
Explanation
Total increase = $66,000. Simple annual rate = ($66,000 ÷ $300,000) ÷ 3 = 0.
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