Real Estate Math
A NH seller paid $195,000 for a home 10 years ago. Today's value is $310,000. What is the total appreciation in dollars and as a percentage?
A$115,000 and 59.0%✓ Correct
B$115,000 and 37.1%
C$115,000 and 61.1%
D$110,000 and 56.4%
Explanation
Dollar appreciation = $310,000 − $195,000 = $115,000. Percentage = $115,000 / $195,000 = 0.5897 ≈ 59.0%.
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