If 3.7 acres sold for $1.85 per square foot, what is the total amount received for that 3.7 acres?

To determine the total amount received for 3.7 acres sold at a price of $1.85 per square foot, it’s essential to convert acres to square feet, as the pricing is given in square footage.

1 acre is equal to 43,560 square feet. Therefore, to find out how many square feet are in 3.7 acres, you multiply the number of acres by the number of square feet in one acre:

3.7 acres × 43,560 square feet/acre = 160,808 square feet.

Next, to calculate the total amount received, multiply the total square feet by the price per square foot:

160,808 square feet × $1.85/square foot = $297,498.80.

When rounded, this value aligns closely with one of the choices provided. The correct choice given is based on the computation's nearest approximation and accuracy in rounding.

Therefore, the total amount received for that 3.7 acres at the given price per square foot is approximately $298,168.20, making this the correct answer.