Question

Suppose that a safety deposit box at your bank costs $45/month to rent. How much would

it cost for you to rent the box for 15 years?

Answer 1

Answer: 8100

Explanation: Since it costs 45 dollars to rent each month you would multiply that by 12 which is how many months there are in a year. After calculating that you would get 540 dollars. When you get the number 540 you would multiply that by 15 which would make you end up with the number 8100.