Real Estate Math
A rectangular commercial space measures 80 feet by 120 feet. The annual rent is $18 per square foot. What is the monthly rent?
A$14,400✓ Correct
B$172,800
C$1,440
D$21,600
Explanation
Area = 80 × 120 = 9,600 sq ft. Annual rent = 9,600 × $18 = $172,800. Monthly rent = $172,800 ÷ 12 = $14,400.
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