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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
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

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GodBlessYouBest ResponseYou've already chosen the best response.0
lol!:) Do you know Jesus?
 2 years ago

kumar2006Best ResponseYou've already chosen the best response.0
Why would you ask that question for?
 2 years ago

kumar2006Best ResponseYou've already chosen the best response.0
That's not even funny man
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
Becuase benice asked wwjd. That stands for what would Jesus do. :)
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
He would probably sort out the unimportant information, and answer the question.
 2 years ago

kk1022Best ResponseYou've already chosen the best response.0
Its his own question @AnimalAin
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
What information given in the problem is important, and what isn't?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...?
 2 years ago

kk1022Best ResponseYou've already chosen the best response.0
Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
The question is about the rent. Which of the three numbers in the question is about the rent?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
Thank you kk1022. :)
 2 years ago

beniceBest ResponseYou've already chosen the best response.0
AnimalAin answer is the one I would put my faith in
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that.
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
So can anybody explan? :)
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
Did you read my posts above?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
The question is about the rent. Which of the three numbers in the question is about the rent? umm.. 70,000, 900, and 700
 2 years ago

beniceBest ResponseYou've already chosen the best response.0
the question is asking simple what is the annual rent ..... the other figures are there to test your beliefs
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
You are not reading very carefully. Only one of the numbers is about the rent. Which one?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
Um... He rents his house for 900 a month.
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
How many months in a year?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
You multiply 900 by 12
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them?
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
So the answer is.....
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
Don't forget the dollar sign.
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
$10.800. :) The second part to the question was What is the ammount of the annual expenses?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
I didnt mean to write a decimal I meant a comma. :)
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
OK, the pattern of this problem is very similar to the one we just did. What are you going to do?
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
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?
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
How many months of the year does he have those expenses?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
You would multiply 700 by 12.
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
and then you get $8,400
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
What is the rate of income to the nearest tenth of a percent?
 2 years ago

kk1022Best ResponseYou've already chosen the best response.0
@AnimalAin, such a good teacher
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
I agree! The best on here I've had so far. :)
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
Not sure about the intent of the question. Is that exactly the way it's worded?
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
Yes that was the third part. I says, What is his rate of income to the nearest tenth of a percent.
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
This is business math
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
The investment is $70,000. The net income (rent less expenses) is $200 a month, or $2400 a year. So the percentage would be\[\frac{2400}{70000}\approx 3.4~percent\]
 2 years ago

AnimalAinBest ResponseYou've already chosen the best response.3
Although, I'm not certain that is exactly the way your teacher or the author of the text would figure it.
 2 years ago

GodBlessYouBest ResponseYou've already chosen the best response.0
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. :)
 2 years ago
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