You rent an apartment that costs $1700 per month during the first
year, but the rent is set to go up 11% per year. what would be the rent
of the apartment during the 10th year of living in the apartment?
round to the nearest tenth (if necessary).

Respuesta :

Answer:

3,570

Step-by-step explanation:

First, you want to find out what 11% of 1,700 is before anything. to do this, you need to convert percentages to decimals. 11% = 0.11, so 1,700 * 0.11 = 187. That's how much the rent goes up per year, we want to find 10 years so we will multiply this by 10, which gives us 1,870. Add 1,700 with 1,870 and you get your answer 3,570.