Home Competitions AHSME 1950 Problem 23
A man buys a house for 10 , 000 a n d r e n t s i t . H e p u t s 10,000 and rents it. He puts 10 , 000 an d r e n t s i t . H e p u t s 12\frac{1}{2}%o f e a c h m o n t h ′ s r e n t a s i d e f o r r e p a i r s a n d u p k e e p ; p a y s of each month's rent aside for repairs and upkeep; pays o f e a c hm o n t h ′ sr e n t a s i d e f or r e p ai r s an d u p k ee p ; p a y s 325 a year taxes and realizes 5 1 2 % 5\frac{1}{2}\% 5 2 1 % on his investment. The monthly rent (in dollars) is:
(A) 64.82 (B) 83.33 (C) 72.08 (D) 45.83 (E) 177.08 \textbf{(A)} \ \ 64.82 \textbf{(B)} \ \ 83.33 \textbf{(C)} \ \ 72.08 \textbf{(D)} \ \ 45.83 \textbf{(E)} \ \ 177.08 (A) 64.82 (B) 83.33 (C) 72.08 (D) 45.83 (E) 177.08
Dataset text NuminaMath-1.5 . Quoted with source.
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