Real Estate Math
A Louisiana investment property was purchased for $380,000. After 5 years, the investor sells it for $445,000. What is the total appreciation percentage?
A14.6%
B17.1%✓ Correct
C15.4%
D18.9%
Explanation
Appreciation = $445,000 − $380,000 = $65,000. Percentage = $65,000 ÷ $380,000 × 100 = 17.
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