Question

Rick Hennes owns a home valued at $309,600. Last year, he spent $12,848 for home repairs and maintenance. What percent of the value of the home did Rick spend onhome repairs and maintenance (to the nearest tenth of a percent)?2.4%5.9%3.7%4.1%None of these choices are correct.ООООО

Answer 1

Answer:

The percentage is;

$4.1\text{\%}$

Explanation:

Given that Rick Hennes owns a home valued at $309,600, and he spent $12,848 for home repairs and maintenance.

The percentage of the value of the home spent on home repairs and maintenance would be;

$\begin{gathered} P=\frac{\text{ cost of repairs and maintenance}}{\text{value of the house}}\times100\text{ \%} \\ P=\frac{12,848}{309,600}\times100\text{\%} \\ P=0.041498\times100\text{ \%} \\ P=4.1\text{\%} \end{gathered}$

Therefore, The percentage is;

$4.1\text{\%}$