Answer:
y = 700m + 300
(y is the total deposit at the end)
Step-by-step explanation:
Say the person were to rent for 12 months, and m is the amount of months, m would be 12. So the equation would look as follows:
y = 700(12) + 300
The 700(12) implies multiplication
The reason for the 700 is because for each month the person rents, they pay 700. That's why 700 and 12 would multiply. The reason for the 300 is because it is an extra down payment, meaning it isn't a part of the 700 per month, and it's added on
So, in the end, after a year; the person would pay and then later receive $8,700 (in this case)
I hope this helps! :)