A tri-plex generates $700 rent for each of its three units per month. The property has been recently appraised for $413,000. what is this property's gim? 16.4.
How much is per unit?
- A straightforward formula may be used to get the unit price if the quantity and total cost are known. To get the unit price, you divide the overall cost by the amount. The total price divided by the quantity equals the unit price.
- A unit is a number that represents how many college credits are assigned to a course. One unit of credit is equal to one hour of lectures every week.
- With 4 hours of class time and 8 hours of homework outside of class, a typical 4-unit course will demand roughly 12 hours of effort per week. It will take around 45 hours per week to complete 15 units of study, only 15 of which may be spent in class.
A tri-plex generates $700 rent for each of its three units per month. The property has been recently appraised for $413,000. what is this property's gim? 16.4.
$700 x 3 = $2,100
$2,100 x 12 = $25,200
$413,000 ÷ $25,200 = 16.4
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