Answer:
97%
Explanation:
We calculate occupancy as follows,
There are 20 apartments and each is available for 12 months a year.
Total occupancy at 100% will be when all 20 apartments are occupied for 12 months, giving us 240 total apartment occupations.
vacant apartments were as follows,
1 for 5 months = 5 occupations
2 for 1 month each = 2 occupations
(We equate as 1 apartment = 12 occupations)
Total occupancy = 240 - 5 - 2 = 233 occupations
Occupancy rate = 233/240 = 97%
Hope that helps.
