Question

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?

Answer 1

wwjd

Answer 2

lol!:) Do you know Jesus?

Answer 3

Why would you ask that question for?

Answer 4

That's not even funny man

Answer 5

Becuase benice asked wwjd. That stands for what would Jesus do. :)

Answer 6

He would probably sort out the unimportant information, and answer the question.

Answer 7

Its his own question @AnimalAin

Answer 8

Wow

Answer 9

What information given in the problem is important, and what isn't?

Answer 10

That's to funny! I'm sorry for the confusion. :) So I still don't understand the process...?

Answer 11

Can someone just answer his question? Poor guy. the responders are not even talking about what he is asking

Answer 12

The question is about the rent. Which of the three numbers in the question is about the rent?

Answer 13

He's bored

Answer 14

Thank you kk1022. :)

Answer 15

AnimalAin answer is the one I would put my faith in

Answer 16

I'm not bored. I have a question. I was just commenting on what benice said. There is nothing wrong with that.

Answer 17

Exactly

Answer 18

So can anybody explan? :)

Answer 19

Did you read my posts above?

Answer 20

The question is about the rent. Which of the three numbers in the question is about the rent?
umm.. 70,000, 900, and 700

Answer 21

the question is asking simple what is the annual rent .....

the other figures are there to test your beliefs

Answer 22

You are not reading very carefully. Only one of the numbers is about the rent. Which one?

Answer 23

well said benice

Answer 24

Um... He rents his house for 900 a month.

Answer 25

How many months in a year?

Answer 26

12

Answer 27

You multiply 900 by 12

Answer 28

Well, we now have two numbers, 900 and 12. What do you suppose we ought to do with them?

Answer 29

multiply

Answer 30

So the answer is.....

Answer 31

10,800

Answer 32

Don't forget the dollar sign.

Answer 33

$10.800. :) The second part to the question was What is the ammount of the annual expenses?

Answer 34

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

Answer 35

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

Answer 36

not sure..

Answer 37

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?

Answer 38

$700

Answer 39

How many months of the year does he have those expenses?

Answer 40

12

Answer 41

So what do you do?

Answer 42

You would multiply 700 by 12.

Answer 43

and then you get $8,400

Answer 44

Good.

Answer 45

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

Answer 46

@AnimalAin, such a good teacher

Answer 47

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

Answer 48

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

Answer 49

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

Answer 50

This is business math

Answer 51

The investment is $70,000. The net income (rent less expenses) is $200 a month, or $2400 a year. So the percentage would be\[\frac{2400}{70000}\approx 3.4~percent\]

Answer 52

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

Answer 53

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. :)

Answer 54

No sweat.