Problema Solution
A new tenant pays the landlord the amount of the first month's rent, the same amount for the last month's rent, and half a month's rent for a security deposit. The total is $2437.50. How much is the monthly rent?
Answer provided by our tutors
Let 'm' represent the monthly rent.
x + x + (1/2)x = 2437.50
........
click here to see the equation solved for x
........
x = $975
The monthly rent is $975.