Answer:
Could you maybe provide the answer choices?
Step-by-step explanation:
You would have to solve for x the plug in the answer for c into the next equation to find your answer
1.20x = 50
x = 50 / 1.20
x = 41.67 <== before tax
Answer:
The percent increase per year is 4%
Step-by-step explanation:
we have

This is a exponential function of the form

where
y represent the monthly rent at Lake View Apartments
x represent the number of years
a is the initial value (y-intercept)
b is the base
r is the rate or percent increase

The percent increase per year is the base of the exponential function decreased by 1.
so

In this problem we have
---> initial value

Therefore
The percent increase per year is 4%