Question
explain anwser
your parents are renting an apartment for you when you go away to college. An annual contract is $502.00/month with a 2-month penalty if you break the lease. The month-to-month contract is $615.00/month. How much is the difference in payments if you stay the whole year?
Answer is : 1,356.00
your parents are renting an apartment for you when you go away to college. An annual contract is $502.00/month with a 2-month penalty if you break the lease. The month-to-month contract is $615.00/month. How much is the difference in payments if you stay the whole year?
Answer is : 1,356.00
Answers
Answered by
GPT 3.5
To calculate the difference in payments if you stay the whole year, subtract the total cost of the annual contract from the total cost of the month-to-month contract for a year.
Annual contract: $502/month x 12 months = $6,024
Month-to-month contract: $615/month x 12 months = $7,380
Difference: $7,380 - $6,024 = $1,356
Therefore, the difference in payments if you stay the whole year is $1,356.00.
Annual contract: $502/month x 12 months = $6,024
Month-to-month contract: $615/month x 12 months = $7,380
Difference: $7,380 - $6,024 = $1,356
Therefore, the difference in payments if you stay the whole year is $1,356.00.