Difference between revisions of "1950 AHSME Problems/Problem 23"
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==Problem== | ==Problem== | ||
| − | A man buys a house for | + | A man buys a house for $10,000 dollars and rents it. He puts <math>12\frac{1}{2}\%</math> of each month's rent aside for repairs and upkeep; pays $325 a year taxes and realizes <math>5\frac{1}{2}\%</math> on his investment. The monthly rent (in dollars) is: |
| − | + | $ \textbf{(A)}\ \64.82\qquad\textbf{(B)}\ \83.33\qquad\textbf{(C)}\ \72.08\qquad\textbf{(D)}\ \45.83\qquad\textbf{(E)}\ \177.08 \qquad$ | |
Revision as of 17:28, 22 November 2011
Problem
A man buys a house for $10,000 dollars and rents it. He puts 
of each month's rent aside for repairs and upkeep; pays $325 a year taxes and realizes 
on his investment. The monthly rent (in dollars) is:
$ \textbf{(A)}\ \64.82\qquad\textbf{(B)}\ \83.33\qquad\textbf{(C)}\ \72.08\qquad\textbf{(D)}\ \45.83\qquad\textbf{(E)}\ \177.08 \qquad$
