Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Carla graduated from high school this year and has a steady job. She feels ready to move into her own space and has [tex]$\$[/tex]900$ in savings. Does she have enough for a down payment to rent this apartment?

\begin{tabular}{|l|l|}
\hline
Security Deposit & [tex]$\$[/tex]500$ \\
\hline
Application Fee & [tex]$\$[/tex]10$ \\
\hline
First Month's Rent & [tex]$\$[/tex]550$ \\
\hline
Parking (optional garage) & [tex]$\$[/tex]30$ \\
\hline
Electricity & Included in the rent \\
\hline
Telephone & Approximately [tex]$\$[/tex]36[tex]$ per month; $[/tex]\[tex]$40$[/tex] to connect \\
\hline
Water & [tex]$\$[/tex]26[tex]$ per month; a deposit of $[/tex]\[tex]$50$[/tex] \\
\hline
\end{tabular}

A. Yes
B. No


Sagot :

To determine if Carla has enough savings for the initial down payment to rent the apartment, let's break down the costs she will incur upon moving in:

1. Security Deposit: \$500
2. Application Fee: \$10
3. First Month's Rent: \$550
4. Parking (optional garage): \$30 (assuming she opts for it)
5. Telephone Connection Fee: \$40
6. Water Deposit: \$50

Adding these expenses together, we get:

[tex]\[ \text{Total Initial Payment} = \[tex]$500 \text{ (Security Deposit)} + \$[/tex]10 \text{ (Application Fee)} + \[tex]$550 \text{ (First Month's Rent)} + \$[/tex]30 \text{ (Parking)} + \[tex]$40 \text{ (Telephone Connection Fee)} + \$[/tex]50 \text{ (Water Deposit)}
\][/tex]

[tex]\[ \text{Total Initial Payment} = \[tex]$500 + \$[/tex]10 + \[tex]$550 + \$[/tex]30 + \[tex]$40 + \$[/tex]50 = \$1180
\][/tex]

Carla has savings of \$900. To determine if she has enough for the down payment, we compare her savings with the total initial payment required:

[tex]\[ \text{Comparison} = \[tex]$900 \text{ (Savings)} < \$[/tex]1180 \text{ (Total Initial Payment)}
\][/tex]

Since \[tex]$900 is less than \$[/tex]1180, Carla does not have enough savings for the initial payment. Thus, the answer is:

No, Carla does not have enough savings for the down payment to rent the apartment.