Real Estate Math
An Iowa homeowner purchased a home for $145,000 and sold it for $218,000 five years later. What was the percentage increase in value?
A41%
B50%✓ Correct
C51%
D55%
Explanation
Increase = $218,000 − $145,000 = $73,000. Percentage increase = $73,000 ÷ $145,000 × 100 ≈ 50.
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