8.2.3 Quiz: Car Renting
Question 4 of 10
If Apex Rental offers a $425 monthly rate, what would be the equivalent yearly
rental rate?
A. $7380
B. $6500
C. $8544
D. $5100
SUBMIT



Answer :

To find the equivalent yearly rental rate given a monthly rate of [tex]$425, you can follow these steps: 1. Identify the monthly rate: The monthly rate given is $[/tex]425.

2. Determine the number of months in a year: There are 12 months in a year.

3. Multiply the monthly rate by the number of months in a year:
[tex]\[ \text{Yearly rate} = \text{monthly rate} \times 12 \][/tex]

4. Perform the multiplication:
[tex]\[ \text{Yearly rate} = 425 \times 12 \][/tex]

5. Calculate the product:
[tex]\[ 425 \times 12 = 5100 \][/tex]

So, the equivalent yearly rental rate is [tex]$5100. Answer: D. $[/tex]5100