Answer:
4.6190
Step-by-step explanation:
The projected average monthly rent plus maintenance fee is $4,100
In the question, we are told that the percentage lease terms state that rent is 2% of sales over $100,000
Since sales is $190,000 projected,
the percentage will be 2% of 190,000
= 2/100 * 190,000 = $3,800
we now proceed to add the monthly maintenance fee
That will be $3,800 + $300 = $4,100
0.3 (3 repeating)
Hope this helps!!
. This is because the slope form is y = mx + b, and if -5 is the slope, -5 = m. 2 is the y-intercept, and the y-intercept is b.