At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

You find an apartment which charges 925 a month rent. each year the rent increases by 6% a. write a sequence that represents the rent paid each year for the first 5 years.

Sagot :

Answer:

In the first 5 years, 138,750$ worth of rent will already have been paid.

Step-by-step explanation:

Since you have to pay 925$ a month worth of rent, in only 1 year, 5,550$ rent money will already have been payed. Now, multiply 925 x 5 x 30 = 138,750. Since the rent increases by 6% every year, in the first 5 years it would have already increased to 30%. So therefore, you would have to pay 138,750$ money worth of rent.