Question

If the local market value of undeveloped land is

$25,000 per acre, what is the value of a lot that
has 21,780 square feet?
A. $12,500
B. $15,755
C. $215,422
D. $544,500

Answer 1

$12,500

because 21,780 square feets are iqual to 0.5 acres, so, 0.5 x $25,000 = $12,500