You have decided to rent a room in your house. The current rent is $450.00/month. If the rent cap is 2.75%, how many years will it take until you can charge at least $525.00/month?

Answer 1

525=450(1+.0275)^t

take the log of both sides...

log 525= log 450+ t log(1.0275)

t= (log525-log450)/log(1.0275

Answer 2

I'm sorry but that's a little to hard for me to understand
I'm workplace level in math i don't know log

Answer 3

never mind i got my friend to help me , but thank you for your time .