Question

A townhouse apartment rents for $925 each month with a security deposit of $500. Utilities are estimated at $145

per month. What is the estimated cost of renting for the first year?
$1425
51740
$12.840
$13.340

Answer 1

The cost should be (925 + 145) x 12 + 500 = 13340$

Answer 2

$13340

Explanation:

We know that there is 12 months in a year so we can us that fact to work out the estimated cost of renting for the first year. Given that a townhouse apartment rents for $925 each month with a security deposit of $500. Utilities are estimated at $145 per month. So

925 × 12 = 11100 → This is the rent

145 × 12 = 1740 → This is the utilities bill

11100 + 1740 = 12840 → Utilities + rent

12840 + 500 = 13340 → Including security deposit

So 13340 is the estimated cost of renting for the first year