Real Estate Math
A Nevada home was purchased for $275,000. It sold for $350,000 after 4 years. What was the total percentage appreciation?
A21.4%
B25.0%
C27.3%✓ Correct
D30.0%
Explanation
Appreciation = ($350,000 – $275,000) / $275,000 = $75,000 / $275,000 = 0.2727 = 27.
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