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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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