Ask Question
15 February, 01:37

A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated? a) 29%b) 25%c) 28%

+1
Answers (1)
  1. 15 February, 05:18
    0
    Option (a) is correct.

    Explanation:

    Amount paid for house three years ago = $85,000

    Selling price of house today = $110,000

    Therefore,

    Property appreciated by following percentage:

    = (change in value : Amount paid for house three years ago) * 100

    = [ ($110,000 - $85,000) : $85,000] * 100

    = ($25,000 : $85,000) * 100

    = 0.2941 * 100

    = 29.41%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated? a) 29%b) ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers