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 =
=
=
Therefore, rent during 10th year will be,
Rent in 10th year =
= $5345.90