What would be the cost of a lot measuring 400 feet by 500 feet valued at $900 per acre?

To determine the cost of the lot measuring 400 feet by 500 feet, you first need to calculate its area in acres.

1. Calculate the area of the lot in square feet:

Area = length × width = 400 feet × 500 feet = 200,000 square feet.

2. Convert square feet to acres. There are 43,560 square feet in one acre, so:

Area in acres = 200,000 square feet ÷ 43,560 square feet/acre ≈ 4.59 acres.

3. Now, you can find the value of the property based on its area and the dollar value per acre.

Cost = Area in acres × Value per acre = 4.59 acres × $900 per acre = $4,131.

This calculation rounds to approximately $4,132. Thus, the correct answer accurately reflects the calculations based on the given dimensions and value per acre.