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horsena [70]
3 years ago
11

Ben sold his townhome on March 12. The property is subject to an HOA fee of $355 per month, which Ben prepaid for the month of M

arch. How much does the buyer owe Ben in HOA fees? (Assume a 30-day month)
Business
1 answer:
Dvinal [7]3 years ago
8 0

Answer:

$213

Explanation:

For computing the owed amount, first we have to compute the daily rate per day which is shown below:

= HOA fee ÷ number of days in a month

= $355 ÷ 30 days

= 11.83 per day

We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)

Now the owed amount would be

= Remaining days × per day rate

= 18 days × 11.83

= $213

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