Real Estate Math
A Wisconsin property owner paid $245,000 for their home 8 years ago. The home is now worth $330,000. What is the total percentage appreciation over 8 years?
A28.7%
B30.0%
C34.7%✓ Correct
D36.0%
Explanation
Appreciation = ($330,000 - $245,000) / $245,000 = $85,000 / $245,000 = 34.69% ≈ 34.
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