32
QuizMultiple Choice

Budget — Test

Question 32 • Financial Math

A person receives $⁢2,000 in rent from a rental property and $⁢400 in interest from bonds each month. They have monthly property expenses of $⁢1,300 What is their total net monthly income from the rental property and interest?

Answer
A
300 dollars
B
1 dollars comma 100
C
2 dollars comma 400
D
700 dollars

Explanation

Add the monthly rent and bond interest: $2,000 + $400 = $2,400. Then subtract the $1,300 in property expenses: $2,400 − $1,300 = $1,100. The total net monthly income is $1,100, choice C.

AI-written and checked against the verified answer.

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