Real Estate Math
A North Dakota home that originally sold for $175,000 is now worth $245,000. What is the percentage appreciation?
A35%
B40%✓ Correct
C45%
D50%
Explanation
Appreciation = ($245,000 − $175,000) / $175,000 = $70,000 / $175,000 = 0.40 = 40%.
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