Real Estate Math
A rectangular building in Anchorage measures 60 feet by 80 feet. The owner leases it at $12 per square foot annually. What is the annual rent?
A$48,000
B$57,600✓ Correct
C$72,000
D$86,400
Explanation
Area = 60 × 80 = 4,800 sq ft. Annual rent = 4,800 × $12 = $57,600. Using the values given ($12), apply the appropriate formula.. The correct answer is $57,600.. This is a common calculation on the Alaska real estate exam.
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