To find the percentage of the residences in the country that are rentals is calculated with this formula:
[tex]\begin{gathered} =\frac{\text{population of rental residence}}{total\text{ country population}}\times100\text{ \%} \\ \text{Given:} \\ \text{Population of rental reseidence = 193,200} \\ \text{Total country population = 920,000} \end{gathered}[/tex]Now substituting the given information, into the above percentage expression, we will have:
[tex]\begin{gathered} =\frac{193,200}{920,000}\times100\text{ \%} \\ =0.21\times100\text{ \%} \\ =21\text{ \%} \end{gathered}[/tex]The percentage of residences in the country that are rentals is 21 %.
