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

Answers

  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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