Question

Rachel is considering moving into a one-bedroom apartment in Glen Gardens. The apartment has a monthly rent of $1,300. She is charged a 10% application fee, $10 for a credit check, and a security deposit of first and last months rent. How much does she need to pay upon moving in? Explain answer in a sentence.

Answer 1

the total amount Rachel needs to pay upon moving in is $2,740.

Explanation:

Rachel needs to pay the first and last month's rent as a security deposit, which is a total of $2,600 (2 x $1,300). Additionally, she needs to pay a 10% application fee of $1,300, which is $130, and $10 for the credit check. Therefore, the total amount Rachel needs to pay upon moving in is $2,740.