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. \( \$ 500 \).
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text

Enter your question here…

By image
Re-Upload
Uploaded Files
xxxx.png0%
Submit
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
Basic
  • Limited Solutions