3 tenths in number form is 0.3
N is equal to 9 because the 12’s cancel out leaving the 9
Based on the expenses involved in running the property, and the rental amount, the return on the investment would be 31.1%.
<h3>What is the return on investment?</h3>
First find the amount earned per year:
= 850 x 12
= $10,200
The yearly expenses would be:
= (390 x 12) + (60 x 12) + (340 x 2) + 500 + (100 x 12)
= 4,680 + 720 + 680 + 500 + 1,200
= $7,780
The annual ROI is:
= (10,200 - 7,780) / 10,200 x 100%
= 31.1%
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Break it down step by step. photo math will show you how to break it down and you will have your answer
