Question

Rent for a 3-bedroom apartment is regularly $936 per month. Apartment management is now offering one month free for a 12-month lease. If you sign a one year lease and apply the free month equally across months, how much is your new monthly lease amount

Answer 1

Alright, lets get started.

Rent for a 3-bedroom apartment per month = $ 936

So, rent for this apartment for a year = $12*936 = 11232$

Once we sign 12-month lease, the offer comes with it is, one month rent free.

So, we need to subtract one month rent from $ 11232

So, new rent for 12 month after apply lease = $11232-936 = 10296$

So, $ 10296 will be for 1 year lease amount.

So, for monthly lease amount = $\frac{10296}{12} = 858$

So, $ 858 is our new monthly amount.   :  Answer

Hope it will help :)