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You rent an apartment that costs $1200 per month during the first year, but the rent
is set to go up 12% per year. Write a recursive formula to show what the rent is during
the nth year of living in the apartment.

Sagot :

mouseycritter

Answer:

So first we have to figure out what $1200 per month for 12 months is since it was a year. 1200x12=14,400 a year which is outrageous for an apartment just saying.

Then we find out what 12% of the 1200 is and then add it to 1200.

To find the percentage of that we need to know how many times 12 fits into 100% 12 fits into 100 a total of 8.33333333333 times.

So now we divide 1200 by 8.33333333333 to see what 12% of it is.

1200 divided by 8.33333333333 is 144. So 1200+144=1344.

Now since one of the nine years has passed already we only have 8 remaining.

Now we see what 1344 a month for 12 months is 16,128 a year.

Now we multiply 16,128 by 8 to get the outcome of 8 more years. So 16,128x8=129,024

Thats it pls mark brainliest

Step-by-step explanation:

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