Real Estate Math
An Iowa home sold for $252,000. The property was purchased 4 years ago for $210,000. What was the percentage appreciation over 4 years?
A20%✓ Correct
B16.7%
C10%
D25%
Explanation
Appreciation = ($252,000 - $210,000) / $210,000 = $42,000 / $210,000 = 0.20 = 20% total over 4 years.
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