Real Estate Math
A Kentucky property is purchased for $280,000 and 15 years later sells for $475,000. What is the total dollar appreciation?
A$175,000
B$185,000
C$195,000✓ Correct
D$205,000
Explanation
Total appreciation = $475,000 − $280,000 = $195,000. Using the values given ($280,000, $475,000), apply the appropriate formula..
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