Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

You rent an apartment that costs $1300 per month during the first year, but the rent
is set to go up 7.5% per year. What would be the rent of the apartment during the
10th year of living in the apartment? Round to the nearest tenth (if necessary).

Sagot :

epicyolo64

Answer:

$2679.30

Step-by-step explanation:

For interest questions, we can set up an equation such as

[tex]1300(1.075)^x[/tex]

When we substitute in x as 10 into this equation, our output becomes

2679.341031. Rounding to the nearest tenth will result in

$2679.30

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.