Real Estate Math
A Hawaii investment property was purchased 2 years ago for $750,000 and is now worth $862,500. What is the percentage appreciation?
AA. 12.5%
BB. 13.5%
CC. 15%✓ Correct
DD. 10%
Explanation
Appreciation = ($862,500 - $750,000) / $750,000 = $112,500 / $750,000 = 0.15 = 15%. Using the values given ($750,000, $862,500), apply the appropriate formula.. The correct answer is C. 15%.. This is a common calculation on the Hawaii real estate exam.
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