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


Please select the best answer from the choices provided

A
B
C
D

Answer 1

B. $252,630

Work: monthly rent total = 1,490×3 = 4,470 → annual rent = 4,470×12 = 53,640.
Annual maintenance = 5,850×3 = 17,550.
Net per year = 53,640 − 17,550 = 36,090.
Over 7 years = 36,090×7 = 252,630.