Question

Max rents an apartment for $900 a month. His annual expenses are $3,075 for water and power utilities, $875 for phone service, and $420 for cable. What is his average monthly rental cost?

Answer 1

Explanation:

Rent=$900 per month

Annual expenses=$3075 per year

$3075/12=$256.25 per month

$875/12=$72.9166666667= $73 (2sf)

$420/12=$35

$900+$256.25+$73+$35=$1264.25