Real Estate Math
A Nebraska farm contains 480 acres and is listed at $7,500/acre. The total list price is:
A$3,200,000
B$3,600,000✓ Correct
C$3,800,000
D$4,000,000
Explanation
Total price = 480 × $7,500 = $3,600,000. Using the values given ($7,500), apply the appropriate formula.. The correct answer is $3,600,000.. This is a common calculation on the Nebraska real estate exam.
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