Real Estate Math
A NC homeowner paid $265,000 for their home 8 years ago. It is now appraised at $355,000. The percentage increase in value is approximately:
A28.9%
B33.9%✓ Correct
C37.4%
D25.0%
Explanation
Increase = $355,000 - $265,000 = $90,000. Percentage increase = $90,000 / $265,000 = 0.
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