Final answer:
Crystal's total annual costs for renting, which include rent, renter's insurance, and lost interest on her security deposit, amount to $12,270.
Step-by-step explanation:
The subject of this question is Mathematics as it involves calculating the total annual costs associated with renting an apartment. This is typically a type of question that would be relevant to high school students, particularly those studying personal finance or applying mathematical skills to real-world situations.
To calculate Crystal's total annual costs for renting, we need to consider all associated expenses including her monthly rent, renter's insurance, and the interest lost on her security deposit.
The total annual cost is calculated as follows:
- Annual rent payments: $1,000 per month x 12 months = $12,000
- Annual renter's insurance: $250
- Annual interest lost on security deposit: $20
Adding these costs together gives us:
Total annual cost = Annual rent payments + Annual renter's insurance + Annual interest lost on security deposit
Total annual cost = $12,000 + $250 + $20
Total annual cost = $12,270