Apartment A has a security deposit of $1000 and cost $1200 each month. Apartment B has a $1500 security deposit and cost $1175 e
ach month. How many months will it take for the costs to be the same?
1 answer:
1000 + 1200m = 1500 + 1175m
1200m - 1175m = 1500 - 1000
25m = 500
m = 500/25
m = 20 <== they are the same at 20 months...they will both be 25,000
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15%=0.15
6000×0.15=900
He paid $900 (15% of $6000; 6000×0.15=900)
$6000-$900= $5100
and he still have to pay $5100
