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?
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current rent = 2500
rate of interest = 5%
time = 2 years
a = p(1 + r / 100)^n
= 2500 * (1 + 5 / 100)^2
= 2500 * 21 / 20 * 21 / 20
= 2756.25
rate of interest = 5%
time = 2 years
a = p(1 + r / 100)^n
= 2500 * (1 + 5 / 100)^2
= 2500 * 21 / 20 * 21 / 20
= 2756.25
Sidnair1:
pls mark brainliest answer
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