Real Estate Math
A Missouri tenant pays $850/month rent. Security deposit is 1.5 months rent. Deposit amount is:
A$850
B$1,275✓ Correct
C$1,700
D$2,550
Explanation
Security deposit = $850 x 1.5 = $1,275. Using the values given ($850), apply the appropriate formula.. The correct answer is $1,275.. This is a common calculation on the Missouri real estate exam.
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