West Wyatt
07/15/2023 · Primary School
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. \( \$ 825 \)
UpStudy ThothAI Solution
Tutor-Verified Answer
Step-by-step Solution
To find the security deposit, we first need to calculate the total move-in cost, which includes the first month's rent, the last month's rent, and the security deposit.
1. **Calculate the total rent for the first and last month:**
\[
\text{First month's rent} = \$ 325
\]
\[
\text{Last month's rent} = \$ 325
\]
\[
\text{Total rent for first and last month} = 325 + 325 = \$ 650
\]
2. **Calculate the total amount paid by both friends:**
Each friend paid \( \$ 575 \), so together they paid:
\[
\text{Total amount paid} = 575 + 575 = \$ 1150
\]
3. **Set up the equation for the total move-in cost:**
The total move-in cost consists of the total rent for the first and last month plus the security deposit (let's denote the security deposit as \( x \)):
\[
650 + x = 1150
\]
4. **Solve for the security deposit \( x \):**
\[
x = 1150 - 650
\]
\[
x = 500
\]
Thus, the security deposit is \( \$ 500 \).
The answer is \( \boxed{500} \).
Quick Answer
The security deposit is \( \$ 500 \).
Therefore, the correct answer is c. \( \$ 500 \).
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