a person receives $2,000 in rent from a rental property and $400 in interest from bonds each month. they…

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?

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

Explanation:

Step1: Calculate total income

Total income is the sum of rent and interest. $$2000 + 400=2400$$

Step2: Calculate net income

Net income is total income minus expenses. $$2400-1300 = 1100$$

Answer:

$1,100