Two friends decide to rent an apartment and split the cost evenly. They each paid $575 towards the total move in cost of first and last month's rent and a security deposit. If the apartment cost $325 per month to rent, how much was the security deposit?

a.

$125

b.

$250

c.

$500

d.

$825

Verified Answer :

Answer:

its 500 so C

Explanation:

The security deposit was $500 (C).

Further explanation

From the problem above we know that:

- There are two people rent and apartment and split the cost evenly

- They each paid total $575

- The monthly rent is $325/month

Question:

How much is the security deposit?

Total paid/person = $575 x 2 = $1150 for first rental cost, last month's rental and security deposit. We can write down this statement into an equation as follow:

1st rental + last month's rental + security deposit = 1150

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So, the security deposit for the apartment is $500

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Keywords: security deposit, monthly rental, rent an apartment