Real Estate Math
A Kansas property originally purchased for $95,000 is now worth $157,350. What is the appreciation rate?
A58%
B65.6%✓ Correct
C68.4%
D72%
Explanation
Appreciation = ($157,350 - $95,000) ÷ $95,000 = $62,350 ÷ $95,000 = 0.6563 ≈ 65.6%. Using the values given ($95,000, $157,350), apply the appropriate formula.. The correct answer is 65.6%.. This is a common calculation on the Kansas real estate exam.
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