Question

How much would you pay in move-in costs for the two-bedroom hometown apartment if you pay first and last month's rent, a $185 security deposit, and a 30 percent fee to the rental agent? round to the nearest dollar. $1,515 $1,370 $1,245 $855

Answer 1

The total rent payed for the apartment =

$1,370

Calculation of move-in cost

The complete question:

How much would you pay in move-in costs for the two-bedroom hometown apartment if you pay first and last month's rent, a $185 security deposit, and a 30 percent fee to the rental agent? round to the nearest dollar

2 bedroom hometown: $515 plus utilities

$1,515 $1,370 $1,245 $855

The cost of 2 bedroom apartment = $515 ×2 = $1,030

The security deposit= $185

The rental agent fee = 30/100× 515

= 15,450/100 = $154.5

Therefore the total rent payed for the apartment

= $1,030 + $185 + $154.5

= $1,369.5

~ $1,370

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