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?

- anonymous

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- katieb

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- anonymous

wwjd

- anonymous

lol!:) Do you know Jesus?

- anonymous

Why would you ask that question for?

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## More answers

- anonymous

That's not even funny man

- anonymous

Becuase benice asked wwjd. That stands for what would Jesus do. :)

- anonymous

He would probably sort out the unimportant information, and answer the question.

- anonymous

Its his own question @AnimalAin

- anonymous

Wow

- anonymous

What information given in the problem is important, and what isn't?

- anonymous

That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...?

- anonymous

Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking

- anonymous

The question is about the rent. Which of the three numbers in the question is about the rent?

- anonymous

He's bored

- anonymous

Thank you kk1022. :)

- anonymous

AnimalAin answer is the one I would put my faith in

- anonymous

I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that.

- anonymous

Exactly

- anonymous

So can anybody explan? :)

- anonymous

Did you read my posts above?

- anonymous

The question is about the rent. Which of the three numbers in the question is about the rent? umm.. 70,000, 900, and 700

- anonymous

the question is asking simple what is the annual rent ..... the other figures are there to test your beliefs

- anonymous

You are not reading very carefully. Only one of the numbers is about the rent. Which one?

- anonymous

well said benice

- anonymous

Um... He rents his house for 900 a month.

- anonymous

How many months in a year?

- anonymous

12

- anonymous

You multiply 900 by 12

- anonymous

Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them?

- anonymous

multiply

- anonymous

So the answer is.....

- anonymous

10,800

- anonymous

Don't forget the dollar sign.

- anonymous

$10.800. :) The second part to the question was What is the ammount of the annual expenses?

- anonymous

I didnt mean to write a decimal I meant a comma. :)

- anonymous

OK, the pattern of this problem is very similar to the one we just did. What are you going to do?

- anonymous

not sure..

- anonymous

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?

- anonymous

$700

- anonymous

How many months of the year does he have those expenses?

- anonymous

12

- anonymous

So what do you do?

- anonymous

You would multiply 700 by 12.

- anonymous

and then you get $8,400

- anonymous

Good.

- anonymous

What is the rate of income to the nearest tenth of a percent?

- anonymous

@AnimalAin, such a good teacher

- anonymous

I agree! The best on here I've had so far. :)

- anonymous

Not sure about the intent of the question. Is that exactly the way it's worded?

- anonymous

Yes that was the third part. I says, What is his rate of income to the nearest tenth of a percent.

- anonymous

This is business math

- anonymous

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

- anonymous

Although, I'm not certain that is exactly the way your teacher or the author of the text would figure it.

- anonymous

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. :)

- anonymous

No sweat.

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