key ans.book 5.5 mathmatics of real estate rdl 19q 3p 2014

8/16/2019 Key ANS.book 5.5 Mathmatics of Real Estate RDL 19q 3p 2014

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Key ANS Real Estate Mathematics

Mathematics Of Real Estate

y An office manager waws paid P1,000 per month plus 1/4 of one percent of all office

sales. In November, she received P2,780. This amount was based on monthly sales of

A.P556,000

B.P712,000

C.P912,000

D.P1,112,000

What investment is necessary for a yield of P500 per month at 6 percent interest?

A.P8,333.33

B.P60,000.00

C.P100,000.00

D.P120,000.00

A 30 acre rectangular parcel has 660 feet on the street side. What is the depth of the

parcel in feet?

A.738.42

B.963.7

C.1240

D.1980

A list price was set to leave the owner with P90,000 after a 6 percent commission was

deducted from the sales price. What was the list price

A.P95,400

B.P95,745

C.P95,905

D.P96,000

Which is the correct formula to determine the interest rate?

A.interest rate = interest earned / principal

B.Interest rate = interest earned x principal x time

C.interest rate = interest earned / time

D.interest rate = interest earned x time

The next monthly interest payment on a loan balance of P17,835 is P132.28. the

interest rate on the loan is what percent?

A.6.478

B.7.4

C.8.9

D.13.48

By: R.D.LEONEN-IPA, REB, REA, REC Page 1


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On a 70 foot by 70 foot rectangular lot, the side yard building setbacks are 10 feet.

The front yard setback is 25 feet, and the rear setback is 20 feet. What is the

maximum square footage possible for a one story structure?

A.1,000B.1,200

C.1,250

D.4,900

J purchased 4 lots at $12,000 each and divided them into 6 lots that were sold for

$9,600 each. What was J's [ercentage of profit based on his cost?

A.6%

B.12%

C.20%

D.24%

K purchased a property for P175,000. K wishes to sell the property. If the total selling

costs will equal 11 percent of the sale price, how much will the property have to

appreciate in value for K to break even?

A.P19,612

B.P20,311

C.P21,629

D.P23,730

A mill would be expressed as

A.P.001

B.P.01

C.P.1

D.P1.0

A house purchased four years ago for P50,000 has increased in value by 10 percent

each year since purchase. The house is now worth

A.P66,550

B.P70,000

C.P73,205

D.P90,000

Builder / received a bridge loan for P72,500 at 12 percent interest. If his total interest

costs were P5,075 how many months did it take to pay off the loan.

A.4.5 months

B.6 months

By: R.D.LEONEN-IPA, REB, REA, REC Page


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C.7 months

D.8 months

A property with a gross annual income of P20,000 has a value of P120,000, The only

expense is the 11 percent interest payments on P100,000 straight mortgage. What isthe owners percentage return on equity?

A.16.6%

B.20%

C.22.2%

D.45%

A one acre site has a 40' x 100' building. The building occupies what percentage of

the site?

A..025%

B.2.5%C.9.2%

D.11.1%

D sold a note to E at .32 percent discount. D received P5,304. What was the amount

due on the note?

A.P1,697

B.P6,800

C.P7,420

D.P7,800

A 50 acre rectangular industrial site fronting on a highway is 1,000 feet deep.

Assuming a sales price of $3,000 per acre, what is the price per front foot?

A.$68.87

B.$74.93

C.$ 150.00

D.$3,4443.52

A fully rented ten unit apartment building has rents of P500 per month. A 10% rent

increase brings a 10% vacancy factor. The gross income

A.remains the same

B.increases 1%

C.increases 9%

D.decreases 1%

A driveway was 1/2 a mile long and was two acres in total area. How wide was the

road

By: R.D.LEONEN-IPA, REB, REA, REC Page !


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A.11 feet

B.21 feet

C.33 feet

D.37 feet

A six foot wide sidewalk is to be constructed inside the perimeter (on the lot line) of

two adjacent sides of a 60' x 100' rectangular corner lot. The sidewalk will contain

how many square feet?

A.900

B.924

C.960

D.1,600

By: R.D.LEONEN-IPA, REB, REA, REC Page "

key ans.book 5.5 mathmatics of real estate rdl 19q 3p 2014

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