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Question
Larry is renting an apartment that will cost r dollars per month. He must pay a D dollars application fee and C dollars for a credit application. His security deposit is two month's rent and he must also pay the last month's rent upon signing the lease. His broker charges 7% of the total year's rent as the fee for finding the apartment. Write an algebraic expression that represents the total cost of signing the lease.
Solution
VerifiedStep 1
1 of 2Deposit for two month's rent and last month rent = 3r
Application Fee = D
Credit application = C
Broker fee = 7% x 12r = 0.84r
Total cost of signing the lease:
3.84r + D + C
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