IDNLearn.com provides a platform for sharing and gaining valuable knowledge. Our community is here to provide the comprehensive and accurate answers you need to make informed decisions.

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.