Question

QUESTION 4 of 10: You have budgeted $850 per month for rent. Your landlord has just informed you that your rent is being raised by 5% now
and another 5% on December 1st. What will your rent be at the end of this year?

a) $855 50

b) $860 50

c) $892 50

$93712

Answer 1

Answer:

We conclude that will  rent be at the end of this year 937.125$.

Step-by-step explanation:

We know that we have budgeted $850 per month for rent. Your landlord has just informed you that your rent is being raised by 5% now and another 5% on December 1st.

We calculate

$\frac{850}{100}=8.5\\\\5\cdot 8.5=42.5\\\\850+42.5=892.5$

now, we get

$\frac{892.5}{100}=8.925\\\\5\cdot 8.925=44.625\\\\892.5+44.625=937.125$

We conclude that will  rent be at the end of this year 937.125$.