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.\na. $9,425\nb. $9,600\nc. $10,325\nd. $11,050\nplease 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.\na. $9,425\nb. $9,600\nc. $10,325\nd. $11,050\nplease select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate total rent for 10 months

$725\times10 = 7250$

Step2: Add first - month rent

$7250+725=7975$

Step3: Add last - month rent

$7975 + 725=8700$

Step4: Add security deposit

$8700+900 = 9600$

Answer:

B. $9,600$