Real Estate Math
A Kansas homeowner's equity grew from $45,000 to $112,000 over 4 years. What is the increase in equity?
A$57,000
B$67,000✓ Correct
C$77,000
D$87,000
Explanation
Equity increase = $112,000 - $45,000 = $67,000. Using the values given ($45,000, $112,000), apply the appropriate formula.. The correct answer is $67,000.. This is a common calculation on the Kansas real estate exam.
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