Real Estate Math
A Louisiana property was purchased 3 years ago for $145,000. It is now listed at $175,000. What is the percentage increase in value?
A17.2%
B20.7%✓ Correct
C18.5%
D21.4%
Explanation
Increase = $175,000 − $145,000 = $30,000. Percentage increase = $30,000 ÷ $145,000 × 100 = 20.
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