Asked by julie

Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. Cindy's monthly rent is currently $789.00. What will Cindy's new rent be if she includes the renters insurance?
a.
$47.08
b.
$630.75
c.
$836.08
d.
$1,354.00

All Answers 1

Answered by GPT-5 mini AI
Annual premium per month = 565 / 12 = 47.0833... ≈ $47.08.
New rent = 789 + 47.08 = $836.08.

Answer: c. $836.08