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Topic: An old SAT problem
Replies: 11   Last Post: Apr 11, 2007 4:37 PM

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Jan Amos

Posts: 30
From: =
Registered: 2/16/06
An old SAT problem
Posted: Apr 9, 2007 10:57 PM
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I ran across old (1926) SAT math problems and
one of them puzzles me -- it's stated as follows:

A man buys a house and lot for $8,500 but is obliged to pay
$500 back taxes on the property. He leases the property at the
rate of $75 a month. What rate of interest does this investment
bear?

I think I'm missing something here -- any clue?

- Jan




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