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1950 AMC 12 Question 23

AMC12 · 1950 AMC 12

Question 23

A man buys a house for $\$10{,}000$ and rents it. He puts $12\dfrac12\%$ of each month’s rent aside for repairs and upkeep; pays $\$325$ a year taxes and realizes $5\dfrac12\%$ on his investment. The monthly rent is:
  1. $\$64.82$
  2. $\$83.33$
  3. $\$72.08$
  4. $\$45.83$
  5. $\$177.08$