Real Estate Math
A North Dakota investor buys a property for $380,000 and sells it 3 years later for $455,000. What is the total appreciation?
A$75,000✓ Correct
B$85,000
C$70,000
D$95,000
Explanation
Total appreciation = Selling price - Purchase price = $455,000 - $380,000 = $75,000. Using the values given ($380,000, $455,000), apply the appropriate formula..
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