Real Estate Math
A South Carolina property has 2.5 acres. At $12 per square foot, what is the total value of the land?
A$1,306,800✓ Correct
B$130,680
C$1,360,000
D$1,089,000
Explanation
1 acre = 43,560 sq ft. 2.5 acres = 2.5 × 43,560 = 108,900 sq ft. Value = 108,900 × $12 = $1,306,800.
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