Real Estate Math
A Pennsylvania property was purchased for $180,000 and sold five years later for $225,000. What was the percentage appreciation?
A20%
B25%✓ Correct
C45,000%
D22.5%
Explanation
Appreciation = ($225,000 − $180,000) / $180,000 = $45,000 / $180,000 = 0.25 = 25%.
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