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DiKsa [7]
3 years ago
15

Natalie just rented an apartment for $900 a month. She was told that the rent will increase 5.5% each year. About how much will

her rent be in 7 years?
Mathematics
2 answers:
belka [17]3 years ago
6 0
$1246. 

<span>This is a guess, though.</span>
Cloud [144]3 years ago
5 0
The equation you write to solve this should be:

x = 900 (1 + 0.055)^7

x = 900 (1.055)^7

x = 900 (1.454679131133794609375)

x = 1,309.21

*** Note that the answer was rounded to the nearest hundredths digit. ********
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