Question

you rent an apartment that costs $1600 per month during the first year ,but the rent is set to go up 11.5% per year.what would be rent of the apartment during the 10th year of living in the apartment? round to the nearest tenth (if necessary ).​

Answer 1

Answer:

$4,750.

Step-by-step explanation:

To determine the rental value of the apartment in the tenth year, knowing that it is worth 1,600 during the first year but that it will be adjusted annually to 11.5%, the following calculation must be made:

X = 1,600 x (1 + 0.115) ^ 10

X = 4,751.91

Thus, at ten years, rounded to the nearest tenth, the rental value will be $ 4,750.

Answer 2

Answer:

a sub 10 =

4261.8

Step-by-step explanation: