Terry Sheehan owns property assessed at $390,000 and pays a property tax rate of 1.69 per hundred dollars of assessed value. He charges $690 per month rent to cover his property tax bill. How much more rent does he collect each year above the annual property tax bill?
$2,090
$1.769
$1,854
$1,689
None of these choices are correct.

$1689

Step-by-step explanation:

Excess of rent amount over annual property tax bill = annual rent - annual property tax

annual property tax =  [(assessed property value / 100) x 1.69]

( $390,000 / 100) x 1.69 = $6591

Annual rent = $690 x 12 = $8280

$8280 - $6591 = $1689

its a trick question

step-by-step explanation:

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or

step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

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factorizing, we get that:

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then, the solutions are: or

nothing extraneous has been found!