Question

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Answer 1

Rent during the 8th year is $3072

Step-by-step explanation:

• Step 1: Rent of the apartment = $1600 Given, the rent will go up by 11.5%

⇒ 11.5% of the rent = 11.5/100 × 1600 = $184

• Step 2: Calculate the rise in rent for 8 years

⇒ 184 × 8 = $1472

• Step 3: Calculate the rent during the 8th year

⇒ 1600 + 1472 = $3072

Answer 2

3072
Step by step explanation