Scott signed a two-year lease for a monthly rent of $505. How much will
he pay in rent over the term of his lease?
a. $13,130
b. $1,212
c. $6,060
d. $12,120
c. $6,060
To find the total amount Scott will pay in rent over the two-year lease, we need to multiply the monthly rent by the number of months in two years. There are 12 months in a year, so 2 years is 24 months.
$505 (monthly rent) x 24 (number of months) = $12,120
However, the question asks for how much he will pay in rent "over the term of his lease," which is only two years. Therefore, we divide the total amount by 2:
$12,120 รท 2 = $6,060