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The monthly rent on an ​50-square-meter apartment in monte​ carlo, monaco, is 1200 euros. the monthly rent on a ​500-square-foot apartment in santa​ fe, new​ mexico, is ​$1000. in terms of price per​ area, which apartment is less​ expensive?

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chilljain33

In a situation where the monthly rent on an 50-square-meter apartment in Monte Carlo, Monaco, is 1200 euros, and the monthly rent on a 500-square-foot apartment in Santa Fe, New Mexico, is $1000, then in terms of price per area the apartment in Monte Carlo is less expensive.

What is the significance of monthly rent?

A monthly rent can be referred to or considered as the amount given to owner of a property for the purpose of use and possession during a given period.

For the above situation, after using the conversion of units, the apartment in Santa Fe will be $2 per square-foot, and the apartment in Monte Carlo will have a monthly rent of $1.2 per square foot.

Therefore, the significance regarding monthly rent has been aforementioned.

Learn more about monthly rent here:

https://brainly.com/question/8918122

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To know about the conversion units, search for the question on Cheg

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