You rent an apartment that costs \$900$900 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 7th year of living in the apartment? Round to the nearest tenth (if necessary).

asked by Anonymous

3 years ago

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1 answer

in year x, the rent will be
900 * 1.075^x

answered by oobleck

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1

Question

You rent an apartment that costs \$900$900 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 7th year of living in the apartment? Round to the nearest tenth (if necessary).

1 answer

in year x, the rent will be
900 * 1.075^x

oobleck · Answer

in year x, the rent will be 900 * 1.075^x