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Ira Lisetskai [31]
3 years ago
13

Please help!!

Mathematics
2 answers:
Lena [83]3 years ago
6 0

Answer:

4794

Step-by-step explanation:

bogdanovich [222]3 years ago
3 0

Answer:

Rent in 10th year = $5345.90

Step-by-step explanation:

Rent of apartment during first year = $1800 per month

But growth in rent with 11.5% per year will be represented by the exponential function,

Rent in 't'th year = \text{Initial rent}(1+\frac{\text{Growth rate}}{100})^{\text{time}}

                          = 1800(1+\frac{11.5}{100})^t

                          = 1800(1.115)^t

Therefore, rent during 10th year will be,

Rent in 10th year = 1800(1.115)^{10}

                            = $5345.90

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