Real Estate Math
A property was purchased for $480,000 and sold 4 years later for $556,800. What was the total percentage increase in value over the 4 years?
A12%
B16%✓ Correct
C10%
D20%
Explanation
Increase = $556,800 − $480,000 = $76,800. Percentage increase = $76,800 ÷ $480,000 = 0.
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