A owner increases the rent of his house by 5% at the end of each year if currently the rent is Rs. 2500 per month. How much will be the rent after 3 years.
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Answer:
Current rent=₹2500/month
5% increased at the end of each year
Increased rent after 3years=(5*3)℅=15℅
Rent after 3 years=2500+15%=₹2875
•°•Hence,the final rent after 3years is ₹2875
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