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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…

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…
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2 votes
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?

User Chris KL
by
8.9k points

2 Answers

6 votes
the annual rent is 900*12, which is 10800
The annual expense is 700*12, which is 8400
User Vladimir Dimov
by
7.5k points
3 votes
Annual rent=$10,800
Annual Expenses=$8,400
Rate of income=moneyt
User Shantaram Tupe
by
7.5k points
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