Real Estate Math
A Vermont investor buys a property at $525,000 and sells it 2 years later for $598,500. What was the total appreciation percentage?
A10%
B12%
C14%✓ Correct
D16%
Explanation
Appreciation = ($598,500 – $525,000) ÷ $525,000 = $73,500 ÷ $525,000 = 0.14 = 14%.
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