Please be aware that your answer must include any commas or

Question

decimals in their proper places in order to be correct. Do not place
any extra spaces between numbers, commas, or decimal places.
Round any decimals to the nearest penny. 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 payment if you stay the whole year?

Answer 1

To find the difference in payment if you stay the whole year, we first calculate the total cost for both contracts over the year.

1. Annual contract:
   Monthly cost = $502.00
   Annual cost = $502.00 × 12 = $6,024.00

2. Month-to-month contract:
   Monthly cost = $615.00
   Annual cost = $615.00 × 12 = $7,380.00

Next, we find the difference in payment between the two contracts if you stay the whole year.

Difference = Month-to-month cost - Annual contract cost
Difference = $7,380.00 - $6,024.00 = $1,356.00

Thus, the difference in payment if you stay the whole year is $1,356.00.