Question

Natalie charges $1,490 per month to rent each of her three rental houses. natalie must pay $5,850 in maintenance costs per house per year. if all three houses are occupied, how much money will natalie earn over seven years? a. $334,250 b. $252,630 c. $84,210 d. $375,480

Answer 1

The correct option is B.

Natalie charges $1490 in rent for each home Per month.

According to given information:

Natalie charges $1490 in rent for each home.

Given that Natalie owns three homes, her monthly rent will be:

= $4470 (3 * 1490) dollars.

The annual income Natalie receives from her three homes is

=($12 * $4470)

= $53680.

Natalie spends $5850 a year on maintenance for each home.

The total amount Natalie spends annually to maintain her three homes is therefore:

=(3 * 5850) dollars, which comes to 17550 dollars.

Then Natalie's annual income would be

= [(53640 - 17550) dollars]

= 36090 dollars.

The total amount Natalie made over the course of seven years was

= ($7 * 36090)

=$252630

The correct option is B.

Natalie charges $1490 in rent for each home Per month.

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