Real Estate Math
A Missouri home appreciates from $175,000 to $217,000 over 5 years. The total appreciation percentage is:
A20%
B24%✓ Correct
C17%
D42%
Explanation
Appreciation = ($217,000 - $175,000) / $175,000 = $42,000 / $175,000 = 24%. Using the values given ($175,000, $217,000), apply the appropriate formula..
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