A owner increases the rent of his house by 5% at the end of each year. If currently its rent
is 2500 per month, how much will be the rent after 2 years?
od hy 6% on
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Step-by-step explanation:
current rent of the house =2,500
increase percentage =5%
amount increased =5/100 *2500
=5*25
=₹125
there fore the rent at the end of one year =₹2,625
amount increased in the second year =2625*5/100
=₹131.25
rent at the end of 2nd year is ₹2,756.25
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