Real Estate MathQuestion 113 of 120
A home appreciates from $250,000 to $300,000. What is the percentage of increase in value?
a.20%
b.15%
c.25%
d.50%
Explanation
The increase is $300,000 minus $250,000, or $50,000. Divide the increase by the original value: $50,000 / $250,000 = 0.20 or 20%.
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