Gary Buys a House for $200,000 Using $10,000 of His

question 13

Multiple Choice

Gary buys a house for $200,000 using $10,000 of his own money and gets a mortgage for the remaining $190,000.If the value of the house increases 7%,what will be the percentage increase in Gary's investment?

• A) 25%
• B) 7%
• C) 14%
• D) 70%
• E) 140%

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Definitions:

Personal Characteristics

The traits or qualities that define an individual's personality and behavior.

Reluctant to Participate

Describes an unwillingness or hesitance to engage or take part in activities or events.

Cultural Background

The cultural heritage, traditions, and shared history that influence an individual’s beliefs, behaviors, and perspectives.

Extroverts

Individuals who are outgoing, sociable, and drawn to social interactions and external stimuli.