Real Estate Math
A South Carolina home appreciates from $290,000 to $328,700. What is the percentage increase?
A11.3%
B12.5%
C13.3%✓ Correct
D11.7%
Explanation
Percentage increase = (New - Old) / Old × 100 = ($328,700 - $290,000) / $290,000 × 100 = $38,700 / $290,000 × 100 = 13.34% ≈ 13.3%.
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