Problem

1950 AHSME Problem 23

A man buys a house for 10000 dollars and rents it. He puts 12\frac{1}{2}\% of each month's rent aside for repairs and upkeep; pays 325 dollars a year taxes and realizes 5\frac{1}{2}\% on his investment. The monthly rent is:

\textbf{(A)}\ 64.82\text{ dollars}\qquad\textbf{(B)}\ 83.33\text{ dollars}\qquad\textbf{(C)}\ 72.08\text{ dollars}\qquad\textbf{(D)}\ 45.83\text{ dollars}\qquad\textbf{(E)}\ 177.08\text{ dollars}


Full credit goes to MAA for authoring these problems. These problems were taken on the AOPS website.


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