Real Estate Math
A Massachusetts investment property was purchased for $750,000. After 10 years, it sold for $1,050,000. What is the total percentage appreciation?
A40%✓ Correct
B30%
C35%
D25%
Explanation
Appreciation = ($1,050,000 − $750,000) ÷ $750,000 = $300,000 ÷ $750,000 = 0.40 = 40%.
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