Question

Rent for a 3-bedroom apartment is regularly 936 per month. Apartment management is now offering one month free for 12- month lease. If you sign a one year lease and apply the free month equally across months, how much is your new monthly amount?

Answer 1

$858.

Step-by-step explanation:

We have been given that rent 3-bedroom apartment is regularly 936 per month.

The management is now offering one month free for 12- month lease. When we will sign the lease, we will pay the rent for 11 months. So our rent for 1 year after signing the lease will be:

`\text{Rent of the apartment for 1 year after signing the lease}= 11* 936`

`\text{Rent of the apartment for 1 year after signing the lease}= 10296`

Let us find new monthly amount by dividing 10296 by 12.

`\text{The new monthly amount}=(10296)/(12)`

`\text{The new monthly amount}=858`

Therefore, our new monthly amount will be $858.