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GodBlessYou

  • 2 years ago

Don Price bought a $70,000 house. He rents the house for $900 per month. He has $700 in monthly expenses. (1) What is the amount of the annual rent?

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  1. benice
    • 2 years ago
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    wwjd

  2. GodBlessYou
    • 2 years ago
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    lol!:) Do you know Jesus?

  3. kumar2006
    • 2 years ago
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    Why would you ask that question for?

  4. kumar2006
    • 2 years ago
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    That's not even funny man

  5. GodBlessYou
    • 2 years ago
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    Becuase benice asked wwjd. That stands for what would Jesus do. :)

  6. AnimalAin
    • 2 years ago
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    He would probably sort out the unimportant information, and answer the question.

  7. kk1022
    • 2 years ago
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    Its his own question @AnimalAin

  8. kumar2006
    • 2 years ago
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    Wow

  9. AnimalAin
    • 2 years ago
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    What information given in the problem is important, and what isn't?

  10. GodBlessYou
    • 2 years ago
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    That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...?

  11. kk1022
    • 2 years ago
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    Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking

  12. AnimalAin
    • 2 years ago
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    The question is about the rent. Which of the three numbers in the question is about the rent?

  13. kumar2006
    • 2 years ago
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    He's bored

  14. GodBlessYou
    • 2 years ago
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    Thank you kk1022. :)

  15. benice
    • 2 years ago
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    AnimalAin answer is the one I would put my faith in

  16. GodBlessYou
    • 2 years ago
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    I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that.

  17. kk1022
    • 2 years ago
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    Exactly

  18. GodBlessYou
    • 2 years ago
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    So can anybody explan? :)

  19. AnimalAin
    • 2 years ago
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    Did you read my posts above?

  20. GodBlessYou
    • 2 years ago
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    The question is about the rent. Which of the three numbers in the question is about the rent? umm.. 70,000, 900, and 700

  21. benice
    • 2 years ago
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    the question is asking simple what is the annual rent ..... the other figures are there to test your beliefs

  22. AnimalAin
    • 2 years ago
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    You are not reading very carefully. Only one of the numbers is about the rent. Which one?

  23. kk1022
    • 2 years ago
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    well said benice

  24. GodBlessYou
    • 2 years ago
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    Um... He rents his house for 900 a month.

  25. AnimalAin
    • 2 years ago
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    How many months in a year?

  26. GodBlessYou
    • 2 years ago
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    12

  27. GodBlessYou
    • 2 years ago
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    You multiply 900 by 12

  28. AnimalAin
    • 2 years ago
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    Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them?

  29. GodBlessYou
    • 2 years ago
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    multiply

  30. AnimalAin
    • 2 years ago
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    So the answer is.....

  31. GodBlessYou
    • 2 years ago
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    10,800

  32. AnimalAin
    • 2 years ago
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    Don't forget the dollar sign.

  33. GodBlessYou
    • 2 years ago
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    $10.800. :) The second part to the question was What is the ammount of the annual expenses?

  34. GodBlessYou
    • 2 years ago
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    I didnt mean to write a decimal I meant a comma. :)

  35. AnimalAin
    • 2 years ago
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    OK, the pattern of this problem is very similar to the one we just did. What are you going to do?

  36. GodBlessYou
    • 2 years ago
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    not sure..

  37. AnimalAin
    • 2 years ago
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    A minute ago we were concerned with the rent. Now we are concerned with the expenses. Which number in the problem is concerned with expenses?

  38. GodBlessYou
    • 2 years ago
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    $700

  39. AnimalAin
    • 2 years ago
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    How many months of the year does he have those expenses?

  40. GodBlessYou
    • 2 years ago
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    12

  41. AnimalAin
    • 2 years ago
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    So what do you do?

  42. GodBlessYou
    • 2 years ago
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    You would multiply 700 by 12.

  43. GodBlessYou
    • 2 years ago
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    and then you get $8,400

  44. AnimalAin
    • 2 years ago
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    Good.

  45. GodBlessYou
    • 2 years ago
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    What is the rate of income to the nearest tenth of a percent?

  46. kk1022
    • 2 years ago
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    @AnimalAin, such a good teacher

  47. GodBlessYou
    • 2 years ago
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    I agree! The best on here I've had so far. :)

  48. AnimalAin
    • 2 years ago
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    Not sure about the intent of the question. Is that exactly the way it's worded?

  49. GodBlessYou
    • 2 years ago
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    Yes that was the third part. I says, What is his rate of income to the nearest tenth of a percent.

  50. GodBlessYou
    • 2 years ago
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    This is business math

  51. AnimalAin
    • 2 years ago
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    The investment is $70,000. The net income (rent less expenses) is $200 a month, or $2400 a year. So the percentage would be\[\frac{2400}{70000}\approx 3.4~percent\]

  52. AnimalAin
    • 2 years ago
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    Although, I'm not certain that is exactly the way your teacher or the author of the text would figure it.

  53. GodBlessYou
    • 2 years ago
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    Alright that really helped! Thank you! Thank you for actually taking the time to explain that to me so I can memorize the process to apply to other similar problems. :)

  54. AnimalAin
    • 2 years ago
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    No sweat.

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