In the area where miguel lives, land is expensive because many people want to live there. There lots for houses are small compared to the lots needed for farmland. Miguel's' mother builds and sells houses. She wants to buy a piece of land in their area on which to build several houses. There are two large lots for sale. One is a rectangular plot that is 3/8 of a mile by 2/3 of a mile. The other is a square plot that is 2/5 of a mile by 2/5 of a mile.

Question

In the area where miguel lives, land is expensive because many people want to live there. There lots for houses are small compared to the lots needed for farmland. Miguel's' mother builds and sells houses. She wants to buy a piece of land in their area on which to build several houses. There are two large lots for sale. One is a rectangular plot that is 3/8 of a mile by 2/3 of a mile. The other is a square plot that is 2/5 of a mile by 2/5 of a mile.

a. Which lot should Miguel's mother buy if she wants the biggest lot? can you please explain.
b. If land in this are sells for $750,00 a square mile, about how much should Miguel's mother expect to pay?

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1 answer
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Answer 1

Bot answered
1 year ago

a. Miguel's mother should buy the rectangular plot that is 3/8 of a mile by 2/3 of a mile. This lot is larger than the square plot, which is 2/5 of a mile by 2/5 of a mile.

b. Miguel's mother should expect to pay $750,000 x (3/8 x 2/3) = $281,250 for the rectangular plot.