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2 years ago

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A property valued at $295,000 has a gross rent multiplier of 135. What is this property's monthly income? $2,458,$2,185,$2,525 O

R $2,328??

2 answers:

velikii [3]2 years ago

4 0

This is your formula:
$135 = \frac{295000}{x}$
solve for x and your answer is:
$x = 2185$

Juli2301 [7.4K]2 years ago

3 0

Answer : $2,185

A property valued at $295,000 has a gross rent multiplier of 135

We know the formula for gross rent multiplier

Gross rent multiplier = $\frac{property value }{Income}$

Property value = 295,000

gross rent multiplier = 135

Gross rent multiplier = $\frac{295000 }{x}$

135 = $\frac{295000 }{x}$

x = 2185.185185

property's monthly income= 2185

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Answer with step-by-step explanation:

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