1) Compound interest formula:
**<span>
**A = amount, P = principal amount, r = rate, n = # of times interest is compunded every year, t = time(in years)
2) Plug numbers in
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3) Solve
A = 635.24458054
Hope this helped! Good Luck!
Answer:
1590
Step-by-step explanation:
1500 x 0.02
= 30
30 x 3
= 90
1500+90 = 1590
(ps.. there was an equation for this i just forgot it, you can look it up and check it)
To find this you would do 800 + 15x where x is the amount of years.
For 9 years it would be 800 + 15(9) which is 800 + 135.
At the end of 9 years, the apartment's rent would be $935. I hope that's utilities included because... yikes...