Real Estate Math
A Vermont home sells for $320,000. The property was purchased 3 years ago for $256,000. What was the total dollar appreciation?
A$54,000
B$64,000✓ Correct
C$74,000
D$84,000
Explanation
Appreciation = $320,000 - $256,000 = $64,000. Using the values given ($320,000, $256,000), apply the appropriate formula..
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