when renting an apartment, in addition to the first months rent, the amount to move - in often requires the…

when renting an apartment, in addition to the first months rent, the amount to move - in often requires the last months rent as well as a security deposit. the rent is $725 per month and the security deposit is $900. how much money must be paid to the apartment management to be able to live in the apartment the first year? assume that the renters moved out at the end of the first year.\n a. $9,425\n b. $9,600\n c. $10,325\n d. $11,050\n please select the best answer from the choices provided

when renting an apartment, in addition to the first months rent, the amount to move - in often requires the last months rent as well as a security deposit. the rent is $725 per month and the security deposit is $900. how much money must be paid to the apartment management to be able to live in the apartment the first year? assume that the renters moved out at the end of the first year.\n a. $9,425\n b. $9,600\n c. $10,325\n d. $11,050\n please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate total rent for first and last month

The rent per month is $725. The total rent for the first - month and the last - month is $725\times2$. $725\times2 = 1450$

Step2: Calculate total rent for the middle 10 months

The rent for the 10 months in the middle of the year is $725\times10=7250$.

Step3: Add security deposit

The security deposit is $900$.

Step4: Calculate total amount

The total amount to be paid is the sum of the first - last month rent, middle 10 months rent and security deposit. $1450 + 7250+900=9600$

Answer:

B. $9,600$