Real Estate Math
An Indiana home sells for $410,000. If the property was purchased 5 years ago for $340,000, what is the total dollar appreciation?
A$60,000
B$70,000✓ Correct
C$80,000
D$90,000
Explanation
Appreciation = $410,000 − $340,000 = $70,000. Using the values given ($410,000, $340,000,), apply the appropriate formula..
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