2
QuizMultiple Choice

Buying vs. Renting a Home

Question 2 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

Keyon and two of his friends are going to rent a 3 bedroom apartment for $840 a month. The security deposit is $500 and the pet deposit is $265. In addition to the deposits, Keyon and his friends must pay first and last month's rent. If they split the cost evenly, how much will each pay to move in?

Answer
A
$535
B
$613
C
$727
D
$815

Explanation

First and last month’s rent cost 2 × $840 = $1,680. Add the $500 security deposit and $265 pet deposit for a total move-in cost of $2,445. Split evenly among Keyon and two friends: $2,445 ÷ 3 = $815 each, so the correct choice is $815.

AI-written and checked against the verified answer.

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