You rent an apartment that costs \$800$800 per month during the first year, but the rent is set to go up 9.5% per year. What would be the rent of the apartment during the 9th year of living in the apartment? Round to the nearest tenth (if necessary).\
Pls help I'm dying here

Answers

Answer 1

Answer:

Monthly rent for Year 9: $1,653.5

Total cost of rent for the whole 9th year: $19,841.9

Step-by-step explanation:

Given the monthly rent of $800 for an aparment, for which it is set to increase by 9.5% annually:

Increase in the Monthly Cost of RentYear 1:

The monthly rent will stay at $800 for the first year.  

Year 2:

For year 2, we must add the 9.5% increase in the monthly rent. In order to determine the 9.5%, simply multiply the monthly rent by 0.095 (the decimal equivalent of 9.5%), then add the product to the monthly rent in year 1 of $800.

9.5% increase for Year 2:  $800 × 0.095 = $76

Monthly rent in Year 2:  $800 + $76 = $876

Year 3:

For year 3, we must add the 9.5% increase in the monthly rent from Year 2 ($876).  

9.5% increase for Year 3:  $876 × 0.095 = $83.22

Monthly rent in Year 3:  $876 +  $83.22 = $959.22

Year 4:

For year 4, we must add the 9.5% increase in the monthly rent from Year 3 ($959.22).  

9.5% increase for Year 4:  $959.22 × 0.095 = $91.13

Monthly rent in Year 4: $959.22 +   $91.13 = $1,050.35

Year 5:

For year 4, we must add the 9.5% increase in the monthly rent from Year 4 ($1,050.35).  

9.5% increase for Year 5:  $1,050.35 × 0.095 = $99.78

Monthly rent in Year 5: $1,050.35 + $99.78 = $1,150.13

Year 6:

9.5% increase for Year 6:  $1,150.13 × 0.095 = $109.26

Monthly rent in Year 6:  $1,150.13 + $109.26 = $1,259.39

Year 7:

9.5% increase for Year 7:  $1,259.39 × 0.095 = $119.64

Monthly rent in Year 7:  $1,259.39 + $119.64 = $1,379.03

Year 8:

9.5% increase for Year 8:  $1,379.03  × 0.095 = $131.00

Monthly rent in Year 8:  $1,379.03 + $131.00 = $1,510.04

Year 9:

9.5% increase for Year 9:  $1,510.04  × 0.095 = $143.45

Monthly rent in Year 9:  $1,510.04 + $143.45 = $1,653.50

Yearly Cost of Rent:

In order to determine the yearly cost of renting an apartment, simply multiply  monthly rent by 12. In other words:

Year 1: $800 × 12 = $9600

Year 2: $876 × 12 = $10,512

Year 3: $959.22 × 12 = $11,510.64

Year 4: $1,050.35 × 12 = $12,604.15

Year 5: $1,150.13 × 12 = $13,801.55

Year 6: $1,259.39 × 12 = $15,112.69

Year 7: $1,379.03 × 12 = $16,548.40

Year 8: $1,510.04 × 12 = $18,120.50

Year 9: $1,653.50 × 12 = $19,841.94

Therefore, due to the 9.5% annual increase in rent, the monthly cost of an apartment during the 9th year is $1,653.5, or $19,841.9 (12-months' worth of rent).


Related Questions

Aiden receives a pay rise of 15%, which increases their pay to $17,250. Calculate his salary before the increase.

Answers

Answer:

$15,000

Step-by-step explanation:

Let P represent Aiden's current pay.

If they receive a pay rise of 15%, that means they receive their original pay plus 15% of that original pay.

P + 0.15P = 17250

1.15P = 17250

P = 17250/1.15 = 15000

His salary before the increase was $15,000.

Answer:

$14662.5

Step-by-step explanation:

Aiden receives a pay rise of 15%

increases their pay to $17,250

15% of $17,250 is $2587.5 therefore $17,250 - $2587.5 is his salary before the increase which is 14662.5 so aiden had $14662.5 before his salary increase

Duke swims 0.10 mile in 2 minutes. If he swims at the same speed, how many miles does Duke swim in a minute, written as a decimal?

Answers

if he swims .10 in 2 mins, half of that (one min) is .05

Duke swims 0.05 miles in a minute.

What is Division method?

Division method is used to distributing a group of things into equal parts. Division is just opposite of multiplications.

For example, dividing 20 by 2 means splitting 20 into 2 equal groups of 10.

Given that;

Duke swims 0.10 mile in 2 minutes.

Now,

Since, Duke swims 0.10 mile in 2 minutes.

Thus, Speed = 0.10 / 2

Speed = 0.05 mile per minute

And, He swims at the same speed.

Thus, Distance in 1 minute,

Speed = Distance / Time

0.05 = Distance / 1

Distance = 0.05 miles.

Thus, Duke swims 0.05 miles in a minute.

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Colin and Brian were playing darts. Colin scored 36. Brian scored 35 more than Colin. What was their combined score?

Answers

Answer:

107

Step-by-step explanation:

Because, 36+35=71

and 71+36=107

Answer:

107

Step-by-step explanation:

not that hard bro

I want you to set a goal of signing up 25% of your new customers for our new service feature." Representative: "If I get 96 new customers that means I have to get

Answers

If he get 96 new customers that means he will have to sign 24 customers

for the new service features.

The deal is to get 25% of your new customer to sign the new service features.

When the new customers are 96 in numbers, the number of individuals(25%

of the new customers) to be signed for the new features can be calculated as

follows:

New customer to sign for the new features = 25% of 96

New customer to sign for the new features = 25 / 100 × 96

New customer to sign for the new features = 2400 / 100

New customer to sign for the new features = 24

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This means that if I get 96 new customers that means I have to get 24 new customers

From the question, I want to set a goal of signing up 25% of your new customers for our new service feature.

Since we have 96 new customers, hence the total amount of new customers needed will be expressed as:

= 25% of 96

= 0.25 * 96

= 24 new customers

This means that if I get 96 new customers that means I have to get 24 new customers

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I think when you copied and pasted your question it re arranged itself

Jessica bought a soft drink for 4 dollars and 5 candy bars. She spent a total of 19 dollars. How much did each candy bar cost ?

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Answer:

$3

Step-by-step explanation:

19-4= 15

15 divided by 5= 3

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I think that you should take your time and answer, every one can help you

Step-by-step explanation:

Step-by-step explanation:

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Answer:

45 divided by 855 is a very odd number however 855 divided by 54 is 19 ... because 45 multiply by 19 is 855

The answer is 19. You can use long division or a calculator.

2. The electrical resistance R of a wire varies inversely with the square of its diameter d. If a wire with a

diameter of 3 millimeters has a resistance of 0.4 ohm, find the resistance of a wire having the same

length and a diameter of 8 millimeters.

Answers

Answer:

[tex]0.225 \Omega =225 m\Omega[/tex]

Step-by-step explanation:

We know (Ohm second law) that [tex]R= \frac{k}{d^2}[/tex] where k inlcudes the rest of the parameters (material, lenght). In our situation we have k= [tex]0.4\cdot9 \Omega mm^2[/tex]. The moment the diameter becomes 8mm R becomes

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Answer:

m=5

Step-by-step explanation:

you have to use the formula y2-y1/x2-x1.

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y1= 40

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x2= 4

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Answer:

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Answers

Answer :

What is the sum of 25.234 and 14.454

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14.454

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–36 + (–74)


–110


–100


38


110

Answers

Answer: -110

-------------------------------

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Jill invests $7,972 in a retirement account with a fixed annual interest rate compounded continuously. After 15 years, the balance reaches
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Answers

The interest rate of Jill's account as described is; 0.51%

The amount invested by Jill is $7,972.

According to compound interest;

A = P {1 + (r/n)}^nt.

In which case;

A = final amount = $16,876.72P = principal amount = $7,972r = interest rate = ?n = number of times interest is compounded per time = 1t = time = 15

Therefore;

$16,876.72 = $7,972 (1 + r/1)^(1×15)

$16,876.72/$7,972 = (1 + r/1)^(1×15)

2.117 = (1 + r/1)^(1×15)

[tex]1 + r = \sqrt[15]{2.117} [/tex]

1 + r = 1.051

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[tex]\huge\text{Hey there!}[/tex]

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ΔHFE=
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∆HFE is similar to ∆HFG and ∆ HEG (they all are right triangles and have the same, shape.)

The given triangle ΔHFE is similar to triangle GFH and triangle GHE.

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Similar triangles are two triangles that have the same shape but may differ in size. They have corresponding angles that are congruent and corresponding sides that are proportional.

Here,

Since triangle HFE is similar to triangle GFH,
∠HEF = ∠GHF,
∠FHE = ∠HGF, and ∠HFE = ∠HFG

Similarly

ΔHFE is similar to triangle ΔGHE.

Similar triangles are useful in many areas of mathematics and in the real world, such as in architecture, engineering, and cartography, where they are used to make scale models of buildings and other structures.

Thus, the given triangle ΔHFE is similar to triangle GFH and triangle GHE.

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Okay but where is the problem?

A principal of $4100 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 5 years?
Use a calculator and round your answer to the nearest dollar.

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Answer:

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EF=(
m2F=d
3.
232
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23
E
E

Answers

Answer:

EF= 18 in. , m<F=134'

Step-by-step explanation:

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Answers

Answer:

1800.

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Answers

Answer:

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Answers

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THE ANSWER

Step-by-step explanation:

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Answers

Answer:

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