1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reil [10]
3 years ago
14

Helen bought a four-unit apartment building for $561,000. The property lost value at a rate of 4.1% per year. Helen rented out e

ach unit for $530 per month, and paid $11,200 per year in upkeep costs. After eight years, she sold the building. To the nearest hundred dollars, what was Helen’s total profit or loss, assuming that she rented out each of her units continually? a. $70,100 loss b. $45,700 loss c. $326,600 profit d. $43,900 profit
the answer is b
Mathematics
2 answers:
ra1l [238]3 years ago
5 0

Answer:

The correct answer is B

Step-by-step explanation:

$45,700 loss

bogdanovich [222]3 years ago
3 0

Answer:

Option B.

Step-by-step explanation:

Helen bought a four-unit apartment building for $561,000. The property lost value at a rate of 4.1% per year.

A=a(1-r)^t

where, a is initial value, r is decreasing rate and t is time in years.

The value of building after 8 years is

Value=561000(1-0.041)^8\approx 401339

Diminishing value = Initial value - Value after 8 years

                            = 561,000 - 401,339

                            = 159,661

Helen rented out each unit for $530 per month, and paid $11,200 per year in upkeep costs.

Total rent of 4 units for 8 years = 530\times 4\times 12\times 8=203520

Total upkeep cost for 8 years = 11200\times 8=89600

Total earning = Total rent of 4 units for 8 years - Total upkeep cost for 8 years

                    = 203520 - 89600

                    = 113920

Profit = Total earning - Diminishing value

        = 113920 - 159661

        = -45,741

Round the answer to the nearest hundred dollars.

Profit  = -45,700

Negative sign represent the loss. It means Helen’s total loss is $45,700.

Therefore, the correct option is B.

You might be interested in
Is the LMC of a pair of numbers ever less than both numbers? (answer quick please)
erma4kov [3.2K]
The usual definition of Least Common Multiple of two numbers states that is the Least positive integer that can be evenly divided by both numbers. The way it is usually defined the two numbers must be positive integers
5 0
2 years ago
14x⁴+35x² factor out the GCF
enot [183]

Step 1. Find the Greatest Common Factor (GCF)

GCF = 7x^2

Step 2. Factor out the GCF (Write the GCF first. Then, in parentheses, divide each term by the GCF.)

7x^2(14x^4/7x^2 + 35x^2/7x^2)

Step 3. Simplify each term in parentheses

7x^2(2x^2 + 5)

7 0
2 years ago
If the mean is 2.7 determine the value of x and y
Allisa [31]

Answer:

13.5 and 13.5

Step-by-step explanation:

5 0
3 years ago
Given the function f(x) = -2x2 + 4x - 7, find f(-4).<br> -55<br> -7<br> 25
Neko [114]

Answer:

f(-4)= -55

Step-by-step explanation:

We want to find f(x), or y, when x is equal to -4.

Therefore, we can substitute -4 in for x in the function.

f(x) = -2x^2 + 4x - 7

Substitute -4 in for x

f(-4) = -2(-4^2) + 4(-4) - 7

Evaluate the exponent

f(-4)=-2(16)+4(-4)-7

Multiply -2 and 16

f(-4)= -32+4(-4)-7

Multiply 4 and -4

f(-4)=-32-16-7

Subtract

f(-4)=-55

7 0
2 years ago
Read 2 more answers
Which graph passes the vertical line test​
Cerrena [4.2K]

Answer:

c

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • Please help me it's confusing
    13·2 answers
  • What is 0 times anything?? (I'm asking this so you can answer it and get points, you're welcome)
    10·2 answers
  • Joshua currently does a total of 8 pushups each day. He plans to increase the number of pushups he does each day by 2 pushups un
    5·1 answer
  • Which of the following sets of intergers is a pythagorean triple
    10·1 answer
  • What's multipled 3 times equals 91.125
    14·2 answers
  • The scale of a map is 1:1,000,000. What are the real distances between two points if the distance between them on this map is 35
    15·2 answers
  • −3x+4y=14
    10·1 answer
  • A distribution has the five-number summary shown below. What is the range
    11·2 answers
  • Find three consecutive positive even integers such that 4 times the first decreased by the second is 12 more than twice the thir
    7·1 answer
  • What is the length of the hypotenuse? If necessary, round to the nearest tenth.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!