Answer: $1,842
Step-by-step explanation:
John wants to earn 25% of his investment of $50,000 which is:
= 25% * 50,000
= $12,500
He has expenses of $9,600 yearly so the rent he should charge per year in order to make his 25% requirement as income is:
= Expenses + Return
= 9,600 + 12,500
= $22,100
Rent per month is:
= 22,100 / 12
= $1,842
To eliminate a cariable in a system of equations, we multiply the variable by a factor that will make both coefficients of the variable to be equal.
Thus, we multiply the coefficient of y in the second equation by a factor that will make it equal to the coefficient of y in the first equation. i.e. multiply 1/2 by a factor that makes it equal to 3/4. and the factor is 3/2.
Therefore, the third option is the correct answer.
Answer:
Line 1, y=-3, x=-3
Line 2, y=2, x=1 1/3
Step-by-step explanation:
