00:01
All right, so this problem is talking about rentals, and we're talking about one -bedroom units and two -bedroom units.
00:07
So i'm going to just make a little table here to help me organize the information that i already have, right? so i know i have one -bedroom units, and i have two -bedroom units.
00:21
Okay, so this is going to tell me how many of each, right, the amount.
00:28
That's going to be my first column.
00:31
My next column is going to tell me the cost of each one.
00:36
And then my final column is going to be that total value column.
00:42
All right, so let's reread this and figure out what we know.
00:45
I know that there are seven more one -bedroom units than two -bedrooms.
00:50
So if a two -bedroom is x, the one -bedroom is seven more than that.
00:55
So x plus seven.
00:59
All right.
01:00
Now, we know the rent for a one -bedroom is $500, and the rent for a two -bedroom is $700.
01:12
Now let's fill in our total volume, total value column.
01:18
So 700 times x, that one 700x.
01:24
And up here i need 500 times this entire quantity, okay? so 500 multiplied by x plus 7.
01:36
Okay.
01:40
All right.
01:41
And i know the total income in these units is 15 ,500.
01:45
So if i took this one plus this one, it should give me 15 ,000.
01:49
500.
01:51
So let's write this out.
01:53
I'm going to simplify this first.
01:54
500 times x is 500x.
02:03
And then 500 times 7 would be 3 ,500.
02:11
That was just simplifying that top one.
02:14
Now i still have to add this on there.
02:16
So plus 700x.
02:24
And again, that gives me a total amount of rent of 15 ,500...