Suppose You Made a 20% Down Payment on a House

question 33

Multiple Choice

Suppose you made a 20% down payment on a house on January 1,2013,and on January 1,2014 you decided to sell the house.If the price of your house increased by 10%,the return on your investment in the house would be

• A) 10%.
• B) 20%.
• C) 50%.
• D) 200%.

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Definitions:

Census of Agriculture

A national survey conducted to collect, analyze, and publish data on various aspects of agriculture, including farm operations, production, and management practices.

Farm Size

The total area of land under cultivation or available for agricultural production within a single farm.

Survey

A method of collecting data and opinions from individuals about various topics, usually through a set of questions.

Questionnaire

A set of written questions used for collecting information from individuals.