Real Estate Math
A Louisiana property assessment increased from $18,000 to $21,600. By what percentage did the assessment increase?
A16.7%
B18.5%
C20.0%✓ Correct
D22.5%
Explanation
Increase = $21,600 − $18,000 = $3,600. Percentage = $3,600 ÷ $18,000 × 100 = 20.0%. Using the values given ($18,000, $21,600), apply the appropriate formula.. The correct answer is 20.0%.. This is a common calculation on the Louisiana real estate exam.
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