Real Estate Math
A Massachusetts home sold for $535,000 in 2023 and $580,000 in 2025. What is the percentage increase in value?
A8.41%✓ Correct
B7.76%
C8.00%
D9.00%
Explanation
Percentage increase = ($580,000 − $535,000) ÷ $535,000 = $45,000 ÷ $535,000 ≈ 0.0841 = 8.
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