What is the area in square feet of a rectangular lot measuring 140 feet by 200 feet?
Correct Answer
B) 28,000 square feet
The area of a rectangle is calculated by multiplying length by width. 140 ft × 200 ft = 28,000 square feet. To convert to acres, divide by 43,560 sq ft per acre, which equals approximately 0.643 acres.
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Related Concepts
Converting a percentage to a decimal involves dividing the percentage value by 100.
In real estate, property value can be estimated by dividing the Net Operating Income (NOI) by the Capitalization Rate (Cap Rate).
Proration is the process of dividing expenses or income between the buyer and seller at the closing of a real estate transaction. This ensures each party pays or receives only their fair share based on the period of ownership.
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