Property in Suburbs Closer to the City Is Appreciating About

Multiple Choice

Property in suburbs closer to the city is appreciating about 7% annually.If this trend continues, what will a $33,000 one-acre lot be worth in five years? Give the result to the nearest dollar.

A) $46,284
B) $50,605
C) $47,518
D) $46,901
E) $47,496