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?
Answers
Answered by
8
Answer:
Current rent =2500, percent increase per year =5%
After 1 year
Rent =2500+5% of 2500=2500+(
100
5
)×2500
Rent =2625
After 2 years
Rent =2625+5% of 2625 =26250+(
100
5
)×2625
Rent =2756.25
∴ Rent will be 2756.25 after 2 years.
Answered by
1
Answer:
I also don't know the exact answer but I tried my best
By reading this question we can understand that this question is related to PTR formula.
STEP BY STEP EXPLAINATION :-
principal = 2500
Time = 2 years
Rate of interest = 5 percent
SOLVING QUESTION ACCORING TO THE FORMULA : -
PTR / 100
2500 x 2 x 5 / 100 ( zeros get cancelled)
= 2500
Answer = 2500
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