Real Estate Math
A Utah property appreciated from $280,000 to $350,000. What is the dollar amount of appreciation?
A$70,000✓ Correct
B$63,000
C$42,000
D$56,000
Explanation
Appreciation = $350,000 − $280,000 = $70,000. Using the values given ($280,000, $350,000), apply the appropriate formula.. The correct answer is $70,000.. This is a common calculation on the Utah real estate exam.
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