anonymous 4 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? • This Question is Closed 1. anonymous wwjd 2. anonymous lol!:) Do you know Jesus? 3. anonymous Why would you ask that question for? 4. anonymous That's not even funny man 5. anonymous Becuase benice asked wwjd. That stands for what would Jesus do. :) 6. anonymous He would probably sort out the unimportant information, and answer the question. 7. anonymous Its his own question @AnimalAin 8. anonymous Wow 9. anonymous What information given in the problem is important, and what isn't? 10. anonymous That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...? 11. anonymous Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking 12. anonymous The question is about the rent. Which of the three numbers in the question is about the rent? 13. anonymous He's bored 14. anonymous Thank you kk1022. :) 15. anonymous AnimalAin answer is the one I would put my faith in 16. anonymous I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that. 17. anonymous Exactly 18. anonymous So can anybody explan? :) 19. anonymous Did you read my posts above? 20. 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 21. anonymous the question is asking simple what is the annual rent ..... the other figures are there to test your beliefs 22. anonymous You are not reading very carefully. Only one of the numbers is about the rent. Which one? 23. anonymous well said benice 24. anonymous Um... He rents his house for 900 a month. 25. anonymous How many months in a year? 26. anonymous 12 27. anonymous You multiply 900 by 12 28. anonymous Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them? 29. anonymous multiply 30. anonymous So the answer is..... 31. anonymous 10,800 32. anonymous Don't forget the dollar sign. 33. anonymous$10.800. :) The second part to the question was What is the ammount of the annual expenses?

34. anonymous

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

35. anonymous

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

36. anonymous

not sure..

37. 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?

38. anonymous

$700 39. anonymous How many months of the year does he have those expenses? 40. anonymous 12 41. anonymous So what do you do? 42. anonymous You would multiply 700 by 12. 43. anonymous and then you get$8,400

44. anonymous

Good.

45. anonymous

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

46. anonymous

@AnimalAin, such a good teacher

47. anonymous

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

48. anonymous

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

49. anonymous

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

50. anonymous

51. 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$

52. anonymous

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

53. 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. :)

54. anonymous

No sweat.