Question

Don Price bought a house for $70,000. He rents the house for $900 per month. He has $700 in monthly expenses.

What is the amount of the annual rent?
What is the amount of annual expenses?
What is his rate of income to the nearest tenth of a percent?

Answer 1

the annual rent is 900*12, which is 10800
The annual expense is 700*12, which is 8400

Answer 2

Annual rent=$10,800
Annual Expenses=$8,400
Rate of income=moneyt