Friend's apartment cost $325 per month, then the security deposit by them is, $500.
<h3 /><h3>What is security deposit?</h3>A security deposit is an amount of money a landowner takes from a payer other than the early payment of rent.
<h3>Calculation of security deposit:</h3>Given that,
Each paid total= $575
Monthly rent= $325/month
The security deposit = ?
Total paid by both person = $575 x 2 = $1150 for first rental cost, last month's rental and security deposit. We can write down this argument into an equation as follows:
Therefore, The security deposit for the apartment is $500.
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