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You had invested $45000 in cash for purchasing a house at a price of $245000. The current value of the house (after one year) is

You had invested $45000 in cash for purchasing a house at a price of $245000. The current value of the house (after one year) is $275000.

a. Calculate the % change in the house price.

b. Calculate the return on investment to you as the owner of the house.

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