Question

Martin finds an apartment to rent for $420 per month. He must pay a security deposit equal to one and a half months' rent. How much is the security deposit? Alexis earns $31,350 per year. According to the banker's rule, how much money can she afford to borrow for a house?

Answer 1

if one month is $420

and the security deposit is one and a half month= 1.5*$420

1.5*420=630

So the answer is: 630