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09 Sep 2019, 23:48
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
67% (03:16) correct
33%
(03:12)
wrong
based on 82
sessions
History
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Time
Result
Not Attempted Yet
Jennifer bought two apartments in order to rent them to other people with $300,000. The monthly return on the first apartment is 1.5% of its value and on the second apartment the return is 2% of its value. If the total returns of the entire year were $61,200, how much did Jennifer spent on the second apartment?
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
10 Sep 2019, 02:40
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Bunuel
Jennifer bought two apartments in order to rent them to other people with $300,000. The monthly return on the first apartment is 1.5% of its value and on the second apartment the return is 2% of its value. If the total returns of the entire year were $61,200, how much did Jennifer spent on the second apartment?
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
solve using answer options
annual return from that apartment was (120,000 x 0.24 = 28,800).
Therefore, there are $180,000 left to invest in the first apartment, 18% of $180,000 is $32,400.
total sums up to $61,200.
IMO B
12 Sep 2019, 21:08
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Bunuel
Jennifer bought two apartments in order to rent them to other people with $300,000. The monthly return on the first apartment is 1.5% of its value and on the second apartment the return is 2% of its value. If the total returns of the entire year were $61,200, how much did Jennifer spent on the second apartment?
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
A. $100,000
B. $120,000
C. $150,000
D. $180,000
E. $210,000
can anybody tell me how to solve this one, not backword pls?
