Real Estate Math
A Wisconsin home was purchased for $220,000 and sold 3 years later for $253,000. What is the total appreciation?
A$13,000
B$33,000✓ Correct
C$43,000
D$55,000
Explanation
Appreciation = $253,000 − $220,000 = $33,000. Using the values given ($220,000, $253,000), apply the appropriate formula.. The correct answer is $33,000.. This is a common calculation on the Wisconsin real estate exam.
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