Two friends decide to rent an apartment and split the cost evenly. they each paid $575 towards the total move in cost of first and last month's rent and a security deposit. if the apartment cost $325 per month to rent, how much was the security deposit?
a.
$125
b.
$250
c.
$500
d.
$825

The security deposit was $500 (C).

From the problem above we know that:

- There are two people rent and apartment and split the cost evenly

- They each paid total $575

- The monthly rent is $325/month

Question:

How much is the security deposit?

Total paid/person = $575 x 2 = $1150 for first rental cost, last month's rental and security deposit. We can write down this statement into an equation as follow:

1st rental + last month's rental + security deposit = 1150

So, the security deposit for the apartment is $500

Calculate the monthly rental

Calculate the security deposit

Keywords: security deposit, monthly rental, rent an apartment

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