Real Estate Math
A Mississippi home has appreciated 15% over three years. If the original purchase price was $160,000, the current value is:
A$176,000
B$180,000
C$184,000✓ Correct
D$164,000
Explanation
Appreciation = $160,000 × 15% = $24,000. Current value = $160,000 + $24,000 = $184,000.
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