If You Receive $24,000 in Annual Rent on Property That

question 17

Multiple Choice

If you receive $24,000 in annual rent on property that costs you $250,000,what is your rental yield on this property?

• A)14.4 percent
• B)4.8 percent
• C)57.6 percent
• D)9.6 percent

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Definitions:

Problem Solving

The process of identifying solutions to specific issues or obstacles in a logical and systematic manner.

Applying Rules

The process of utilizing predetermined guidelines or procedural methods in various situations or contexts.

Using Analogies

The practice of explaining a concept or idea by comparing it to something else that is more familiar or simpler to understand.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.