Question

An 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?​

Answer 1

Answer:

2756.25

Step-by-step explanation:

Current rent =2500,  percent increase per year =5%

After 1 year

Rent =2500+5% of 2500=2500+(5÷100)×2500 

Rent =2625

After 2 years

Rent =2625+5% of 2625 =26250+(5÷100)×2625

 Rent =2756.25

∴ Rent will be 2756.25 after 2 years.

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