Real Estate Math
A West Virginia homeowner purchased their home for $120,000 and sells it for $155,000. What is the percentage of appreciation?
A25.2%
B28.3%
C29.2%✓ Correct
D35.0%
Explanation
Appreciation = ($155,000 - $120,000) ÷ $120,000 = $35,000 ÷ $120,000 ≈ 29.17% ≈ 29.
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