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Kemal owned a home worth $510,000 at the beginning of the year and 565,000 at year's end. That same house could be rented for $48,000
Kemal owned a home worth $510,000 at the beginning of the year and 565,000 at year's end. That same house could be rented for $48,000 per year. Upkeep cost Kemal $3,500 for the year. What is his return for the year?
19.5%
10.8%
7.9%
8.5%
27.3%
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