Question

Please help!!

Answer 1

Answer:

4794

Step-by-step explanation:

Answer 2

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