You rent an apartment that costs $900 per month during the first year, but the rent is set to go up $170 per year. What would be

Question

2 years ago

12

the monthly rent during the 10th year of living in the apartment?

1 answer:

vichka [17] · Answer 1 · 2023-02-14T04:17:06+03:00

The monthly rent of the apartment in the 10th year is $1041.67.

<h3>What is the monthly rent during the 10th year of living in the apartment?</h3>

The first step is to determine the yearly rent in the first year of living in the apartment.

Yearly rent = $900 x 12 = $10,800

The second step is to determine the yearly rent in the 10th year

$10,800 + (170 x 10) = $12,500

The third step is to determine the monthly rent

Monthly rent = $12500 / 12 = $1041.67

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