Real Estate Math
A Maryland seller paid $310,000 for a home and sold it for $375,000 two years later. The percentage appreciation is approximately:
A15.7%
B17.3%
C20.9%✓ Correct
D21.0%
Explanation
Appreciation = ($375,000 – $310,000) ÷ $310,000 = $65,000 ÷ $310,000 = 0.2097 ≈ 20.
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