Five years ago, William bought a twelve-room apartment complex for $340,000, and he plans to sell it today. The real estate mark
et caused William’s complex to increase in value by 1.8% every year. William charges $525 per month to rent a room, and pays $36,500 in building upkeep every year. If William has kept all of his apartments continually rented out since he bought the building, to the nearest hundred dollars, how much profit will he realize once he sells it? a.
$195,500
b.
$227,200
c.
$226,100
d.
$245,500
If you put them into to proportion 156/400 and then put a variable for the unknown x/1200 1200 divided by 400 = 3 156 times 3 = 468 468 order salad out of 1200
