The Harrison family paid $14,400 in rent last year. The landlord has decided to raise rent 2.5% each year. How much will the Har
rison family have to pay for rent on the 5th year? Round to the nearest whole dollar.
1 answer:
Answer: $16,200
Step-by-step explanation:
rent.
Raise of 2.5% (0.025)/year.
5 years.
Take the rent (14,400) and add 2.5% (0.025) of it (14400) for five (5) years.
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