Real Estate Math
A NH property has 200 feet of road frontage and a depth of 400 feet. At $12,000 per acre, what is the land value? (1 acre = 43,560 sq ft)
A$22,064
B$22,177✓ Correct
C$22,021
D$21,862
Explanation
Area = 200 × 400 = 80,000 sq ft. Acres = 80,000 / 43,560 = 1.8364 acres. Value = 1.8364 × $12,000 = $22,037.
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