## GodBlessYou Group Title 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? 2 years ago 2 years ago • This Question is Closed 1. benice Group Title wwjd 2. GodBlessYou Group Title lol!:) Do you know Jesus? 3. kumar2006 Group Title Why would you ask that question for? 4. kumar2006 Group Title That's not even funny man 5. GodBlessYou Group Title Becuase benice asked wwjd. That stands for what would Jesus do. :) 6. AnimalAin Group Title He would probably sort out the unimportant information, and answer the question. 7. kk1022 Group Title Its his own question @AnimalAin 8. kumar2006 Group Title Wow 9. AnimalAin Group Title What information given in the problem is important, and what isn't? 10. GodBlessYou Group Title That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...? 11. kk1022 Group Title Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking 12. AnimalAin Group Title The question is about the rent. Which of the three numbers in the question is about the rent? 13. kumar2006 Group Title He's bored 14. GodBlessYou Group Title Thank you kk1022. :) 15. benice Group Title AnimalAin answer is the one I would put my faith in 16. GodBlessYou Group Title I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that. 17. kk1022 Group Title Exactly 18. GodBlessYou Group Title So can anybody explan? :) 19. AnimalAin Group Title Did you read my posts above? 20. GodBlessYou Group Title 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 Group Title the question is asking simple what is the annual rent ..... the other figures are there to test your beliefs 22. AnimalAin Group Title You are not reading very carefully. Only one of the numbers is about the rent. Which one? 23. kk1022 Group Title well said benice 24. GodBlessYou Group Title Um... He rents his house for 900 a month. 25. AnimalAin Group Title How many months in a year? 26. GodBlessYou Group Title 12 27. GodBlessYou Group Title You multiply 900 by 12 28. AnimalAin Group Title Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them? 29. GodBlessYou Group Title multiply 30. AnimalAin Group Title So the answer is..... 31. GodBlessYou Group Title 10,800 32. AnimalAin Group Title Don't forget the dollar sign. 33. GodBlessYou Group Title$10.800. :) The second part to the question was What is the ammount of the annual expenses?

34. GodBlessYou Group Title

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

35. AnimalAin Group Title

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

36. GodBlessYou Group Title

not sure..

37. AnimalAin Group Title

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 Group Title

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

44. AnimalAin Group Title

Good.

45. GodBlessYou Group Title

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

46. kk1022 Group Title

@AnimalAin, such a good teacher

47. GodBlessYou Group Title

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

48. AnimalAin Group Title

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

49. GodBlessYou Group Title

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

50. GodBlessYou Group Title

51. AnimalAin Group Title

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 Group Title

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

53. GodBlessYou Group Title

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 Group Title

No sweat.