Real Estate Math
A Utah home purchased for $285,000 two years ago is now worth $340,000. What is the percent appreciation?
A16.2%
B19.3%✓ Correct
C15.8%
D22.1%
Explanation
Appreciation = ($340,000 - $285,000) / $285,000 = $55,000 / $285,000 = 0.1930 = 19.
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