3. Raj is moving to London to attend college. He finds two housing options near the...

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3. Raj is moving to London to attend college. He finds two housing options near the campus. (5 marks) Option 1 Room in a home shared Option 2 1-bedroom basement with three other students apartment in a house Rent $350 per month plus one-quarter of all utilities Rent: $470 a month, including all utilities Must sign a 1-year lease a) What would be the annual rent for each option? b) What additional expense will Raj have if he chooses Option 1? c) Which option would you recommend to Raj? Justify your answer D 13 3. Raj is moving to London to attend college. He finds two housing options near the campus. (5 marks) Option 1 Room in a home shared Option 2 1-bedroom basement with three other students apartment in a house Rent $350 per month plus one-quarter of all utilities Rent: $470 a month, including all utilities Must sign a 1-year lease a) What would be the annual rent for each option? b) What additional expense will Raj have if he chooses Option 1? c) Which option would you recommend to Raj? Justify your answer D 13