Real Estate Math

A Portland property purchased for $525,000 sells 4 years later for $620,000. What is the total appreciation percentage?

A15.2%
B18.1%✓ Correct
C20.0%
D17.8%

Explanation

Total appreciation = ($620,000 − $525,000) ÷ $525,000 = $95,000 ÷ $525,000 ≈ 0.181 = 18.

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