Question

You have figured out how much $ you can afford on an apartment and have also saved up for a security deposit. Usually, a deposit is around the same as your rent. This means that you pay about twice the rent for the first month of living there. If the leasing office asks you for $1300 TOTAL before you move in, how much is rent going to be next month without the deposit?

(A) $650
(B) $750
(C) $850
(D) $950

Answer 1

The monthly rent without the deposit is calculated by dividing the total initial payment by two. Since the initial payment requested by the leasing office is $1300, the rent for the next month without the deposit is $650.

Step-by-step explanation:

To determine the regular monthly rent without the deposit, we need to divide the total initial payment by two since the deposit is usually about the same as your rent, hence the first payment is typically double the amount of the monthly rent. Given that the leasing office asks for $1300 in total before moving in, and assuming that this includes both the first month's rent and the security deposit (both of which are equal), we calculate the rent as follows:

Rent + Deposit = Total Initial Payment

Rent + Rent = $1300

2 × Rent = $1300

Rent = $1300 / 2

Rent = $650

Therefore, the rent for next month, without the deposit, will be $650, which corresponds to option (A).