Question

Rent for a 3 bedroom apartment is regularly $936 per month. Apartment management is now offering one month free for a 12 month lease. If you sign a one year lease and apply the free month equally across months, how much is your monthly lease amount?

Answer 1

$858

Explanation:

Monthly lease amount is ⇒ $936

Considering one moth free, yearly rental would be

• ⇒ 11*$936= $10296

The monthly lease amount :

• ⇒ $10296 / 12 = $858