Answer:
The apartment in Monte Carlo is less expensive
Step-by-step explanation:
Given:
Rent in 80-square-meter apartment in Monte Carlo = 1150 euros.
rent on a 500-square-foot apartment in Santa Fe = $800.
To Find:
Which apartment is less expensive =?
Solution:
Price per area in Monte Carlo
Cost per square meter in Monte Carlo
=>[tex]\frac{\text{Total rent}}{\text{total area}}[/tex]
=>[tex]\frac{1150}{80}[/tex]
=>[tex]14.375[/tex] euros per square meter
Converting to euros per square meter to dollars per square foot
1 Euro per square meter= 0.102355924 U.S. dollars per square foot
14.375 euros per square meter = 0.102355924 x 14.375 = 1.471 U.S. dollars per square foot------------------------(1)
Price per area Santa Fe, New Mexico
=>[tex]\frac{\text{Total rent}}{\text{total area}}[/tex]
=>[tex]\frac{800}{500}[/tex]
=> 1.6 dollars per square foot-------------------------(2)
From (1) and (2)
1.471 < 1.6
Apartment in Monte Carlo is less expensive than Apartment in Santa Fe, New Mexico
