Real Estate Math
A property in Terre Haute is purchased for $135,000 and sells 3 years later for $157,950. What is the total percentage appreciation?
A10%
B15%
C17%✓ Correct
D20%
Explanation
Appreciation = ($157,950 − $135,000) ÷ $135,000 = $22,950 ÷ $135,000 = 0.17 = 17%.
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