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Hank’s monthly rent was $458, but he just got a notice from his landlord saying that it will go up by 21%. This means that he will now pay 121% of the previous amount.

Which is the best estimate of Hank’s new monthly rent?
$540
$552
$585
$598

1 answer

To estimate Hank's new monthly rent after a 21% increase, we first need to calculate the amount of rent increase.

The original rent is $458. To calculate a 21% increase:

  1. Find 21% of $458: \[ 0.21 \times 458 = 96.18 \]

  2. Add this increase to the original rent: \[ 458 + 96.18 \approx 554.18 \]

Now we will round $554.18 to the nearest whole number to see which estimated option it best matches.

From the options given:

  • $540
  • $552
  • $585
  • $598

The best estimate of Hank's new monthly rent would be $552.