Real Estate Math
Monthly rent on an Iowa apartment is $950. A landlord collects first month's rent and 2 months' security deposit at lease signing. What is the total collected?
A$950
B$1,900
C$2,850✓ Correct
D$3,800
Explanation
First month's rent = $950. Security deposit (2 months) = 2 x $950 = $1,900. Total collected = $950 + $1,900 = $2,850.
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