Your parents are planning to rent you an apartment when you go to college. The annual contract is $535.00/month with a 2 month penalty for breaking the lease. The month-to-month contract is $615.00/month. What is the difference in the amount paid if you leave after 8 months?

$430.00

Question

Your parents are planning to rent you an apartment when you go to college. The annual contract is $535.00/month with a 2 month penalty for breaking the lease. The month-to-month contract is $615.00/month. What is the difference in the amount paid if you leave after 8 months?

$430.00

JamesTDG · Answer

I multiplied both values by 8, then removed value a from value b to get 640...

AZ · Answer

Being on an annual lease and then breaking it after 8 months means you pay for 8 months and then also 2 months as a penalty

That's a total of 10 months of payment

So you would be paying 535 * 10

Now if you were on a month to month lease, you would be paying 615 each month so the total amount for 8 months would be 615*8

What is the difference between the two different options?

AZ · Answer

So yes, $430 which you listed as your answer after the question is indeed correct