Real Estate Math
A home originally purchased for $280,000 is sold 4 years later for $336,000. What is the percentage increase in value?
A16.7%
B20%✓ Correct
C25%
D56%
Explanation
Increase = $336,000 − $280,000 = $56,000. Percentage increase = $56,000 ÷ $280,000 = 0.
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