Real Estate Math
An acre of Kansas farmland sells for $4,200 per acre. How much does a 320-acre section (quarter section of a township) sell for?
A$1,134,000
B$1,344,000✓ Correct
C$1,440,000
D$1,680,000
Explanation
320 acres × $4,200/acre = $1,344,000. (Note: a section is 640 acres; a quarter section is 160 acres; a half section is 320 acres.)
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