Question

A
owner INCREASES the rent of his house by 5 %at the end of each year. If currently it's rent is rupees 2500 per month, how much will be the rent after 2 years

Answer 1

Given

Per month rent = Rs 2500

so 12 months = 12 x 2500 = 30,000

Per year = Rs 30,000

Given

5% increased every year

= 30,000 x 5/100 = 1500

= 30,000 + 1500 = 31,500

After one year it increased to Rs 31,500

_______________________________

= 31,500 x 5/100 = 1575

= 31,500 + 1575 = 33,075.

After 2 years it increased to Rs 33,075.

_______________________________

After 2 years per month rent

= 33075 ÷ 12

= 2756.25.

$\bold{After \: 2 \: years \: rent \: }$

$\bold{Per \: month\: = \: 2756.25}$

$\bold{Per \: year \: = \: 33,075}$

Answer 2

Current rent per month= 2500 Rs
per year, Rent = 2500*12=30000
clearly, rent after 2nd year depends on rent after 1st year.(As rent increases by 5% of existing rent)

Increase in rent at end of 1 year =5% of 30000
= (5*30000)/100=1500
Rent for 2nd year will be 30000 + 1500= 31500 Rs.

Increase in rent at end of 2nd year= 5% of 31500
=(5*31500)/100= 1575

Rent for 3rd year = 31500+1575 = 33075 Rs

Hope it helps

Mark brainliest if you find this helpful....
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