What is the calculated gross annual rent for a property with a weekly rent of $390?

What is the calculated gross annual rent for a property with a weekly rent of $390?

• A. $20,280
• B. $15,433.4
• C. $19,000
• D. $22,000

Answer: (A)

To determine the gross annual rent from a weekly rent amount, you multiply the weekly rent by the number of weeks in a year. Since there are 52 weeks in a year, the formula to calculate the gross annual rent is straightforward. Given a weekly rent of $390, the calculation would be: $390 (weekly rent) x 52 (weeks) = $20,280. This calculation clearly shows that the gross annual rent amounts to $20,280, affirming the correctness of the answer. The method of multiplying the weekly rent by the number of weeks provides a quick and accurate way to find the annual figure, which reflects the total rent collected over the course of a year for this specific property.

To determine the gross annual rent from a weekly rent amount, you multiply the weekly rent by the number of weeks in a year. Since there are 52 weeks in a year, the formula to calculate the gross annual rent is straightforward.

Given a weekly rent of $390, the calculation would be:

$390 (weekly rent) x 52 (weeks) = $20,280.

This calculation clearly shows that the gross annual rent amounts to $20,280, affirming the correctness of the answer. The method of multiplying the weekly rent by the number of weeks provides a quick and accurate way to find the annual figure, which reflects the total rent collected over the course of a year for this specific property.