The amount to be paid in rent after 2 years if the rent as of now is $3,000 will be; $3,213.675
The question allows that we choose the amount being paid as rent as of now.
Let the rent paid as of now be; $3,000
In essence; after the first year; the amount increases by 3.5% to become;
After the second year; we have;
Ultimately; the amount to be paid after 2 years will be; $3,213.675.
When given the opportunity to change rent contracts;
- A situation that will be beneficial would be a 3.5% reduction in rent per year
- A situation that will not be beneficial would be a 7% increase in rent per year.
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I thought this might be easier to answer and show the work using a pic
Itttttttt hits the negative 6 on the line i think
Answer: 1. 71.4
2. 40.10
Step-by-step explanation:
1. The radius is half of the diameter so just divide 142.8 by 2
2. Diameter is easy 20.5*2
Hope this helped :)