Real Estate Math
An Iowa 160-acre farm sells for $9,500 per acre. What is the total purchase price?
A$1,420,000
B$1,520,000✓ Correct
C$1,620,000
D$1,720,000
Explanation
Total price = 160 × $9,500 = $1,520,000. Using the values given ($9,500), apply the appropriate formula.. The correct answer is $1,520,000.. This is a common calculation on the Iowa real estate exam.
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