Real Estate Math
A property was purchased for $200,000 and sold 3 years later for $236,000. What was the percentage appreciation?
A14%
B16%
C18%✓ Correct
D20%
Explanation
Appreciation = ($236,000 - $200,000) / $200,000 = $36,000 / $200,000 = 0.18 = 18%.
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