Math Question
Not what you're looking for?
A Condo is renting at $1,100 per month. I have two options, if I sign up for 12 month, I get 1 month free offer. Or I can use the money from that 1 month and spread it throughout the 12 month. My question is, if I would to go ahead and use that free month ($1100) and spread it to 12 month, what would my newly adjusted monthly rent be?
I am not sure which way is correct:
1. Do I use (1100 x 12) / 13 = 1015
2. Or (1100 x 12) - 1100 = 12100. Then 12100/12 = 1008
So which method is correct and which method is wrong. Please explain in (DETAIL).
Purchase this Solution
Solution Summary
This posting contains the solution to the given problems.
Solution Preview
If we consider the 1st option, then that means you rent a condo for 13 months but pay like the rest is for 12 months. So the payment of ...
Purchase this Solution
Free BrainMass Quizzes
Probability Quiz
Some questions on probability
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.