Real Estate Math
A seller paid $180,000 for a home five years ago. It sold today for $243,000. What is the percentage of appreciation?
A25%
B30%
C35%✓ Correct
D40%
Explanation
Appreciation = ($243,000 - $180,000) / $180,000 = $63,000 / $180,000 = 0.35 = 35%.
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