Real Estate MathPregunta 113 de 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%
Explicación
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%.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A lot measures 150 feet by 200 feet. What is its area in square feet?
- One acre contains 43,560 square feet. How many acres are in a parcel of 87,120 square feet?
- Annual property taxes of $4,800 are paid in arrears. At a closing on July 1 (with the year split evenly into two halves), what is the seller's share for the first half of the year using a 360-day proration?
- A loan of $200,000 carries a 6% annual interest rate. How much is the interest for the FIRST month (simple interest)?
- A property is assessed at $180,000 and the tax rate is $2.50 per $100 of assessed value. What is the annual property tax?
- An investor's rental property produces net operating income (NOI) of $24,000 per year. Using a capitalization rate of 8%, what is the indicated value?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Texas Real Estate Sales Agent Licensing Exam · Cómo revisamos