Rent for a 3-bedroom apartment is regularly 936 per month. Apartment management is now offering one month free for 12- month lease. If you sign a one year lease and apply the free month equally across months, how much is your new monthly amount?

The management is now offering one month free for 12- month lease. When we will sign the lease, we will pay the rent for 11 months. So our rent for 1 year after signing the lease will be:

[tex]\text{Rent of the apartment for 1 year after signing the lease}= 11\times 936[/tex]

[tex]\text{Rent of the apartment for 1 year after signing the lease}= 10296[/tex]

Let us find new monthly amount by dividing 10296 by 12.

[tex]\text{The new monthly amount}=\frac{10296}{12}[/tex]

[tex]\text{The new monthly amount}=858[/tex]

Therefore, our new monthly amount will be $858.