Real Estate Math
A property is purchased for $200,000. After 5 years, it is sold for $260,000. What is the total percentage appreciation?
A25%
B30%✓ Correct
C20%
D35%
Explanation
Total appreciation = (Sale Price – Purchase Price) / Purchase Price = ($260,000 – $200,000) / $200,000 = $60,000 / $200,000 = 30%. This represents total appreciation over 5 years, not annual appreciation.
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