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19 August, 17:08

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?

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  1. 19 August, 17:32
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    Amount of rent charged by Natalie per house = $1490

    Number of houses Natalie has = 3

    So

    Amount of rent Natalie gets from 3 houses per month = (3 * 1490) dollars

    = 4470 dollars

    Amount of money Natalie gets from 3 house per year = (12 * 4470) dollars

    = 53640 dollars

    Amount of money Natalie

    pays for maintenance per house per year = $5850

    Then

    Amount of money Natalie

    pays for maintenance of 3 houses per year = (3 * 5850) dollars

    = 17550 dollars

    Then

    Amount of money earned by Natalie in 1 year = (53640 - 17550) dollars]

    = 36090 dollars

    Amount of money earned by Natalie in 7 years = (7 * 36090) dollars

    = 252630 dollars.
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