A farmer will pay $1,200 per acre for the SE 1/4 of the SE 1/4 of the SE 1/4 of Section 2. Section 2 contains 640 acres. What is the total price to pay for the land?

Study for the Real Estate Math Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

A farmer will pay $1,200 per acre for the SE 1/4 of the SE 1/4 of the SE 1/4 of Section 2. Section 2 contains 640 acres. What is the total price to pay for the land?

Explanation:
Understanding land fractions helps here: a section is 640 acres. SE 1/4 means divide by 4, so that piece is 160 acres. SE 1/4 of that is 40 acres, and SE 1/4 of that is 10 acres. So you’re buying 10 acres at $1,200 per acre, which totals 10 × 1,200 = $12,000.

Understanding land fractions helps here: a section is 640 acres. SE 1/4 means divide by 4, so that piece is 160 acres. SE 1/4 of that is 40 acres, and SE 1/4 of that is 10 acres. So you’re buying 10 acres at $1,200 per acre, which totals 10 × 1,200 = $12,000.

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