an owner increases the rent of his house by 5% at the end of each year.if the current rent is Rs.3000 per month,what will be the rent,in rupees after 2 years?
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Current rent = Rs 3000
Rent after 1 year = Rs 3000 + 5 % of 3000
= Rs 3000 + 5 × 3000 / 100
= Rs 3000 + 150
= Rs 3150
Rent after 2 years = Rs 3150 + 5 % of 3150
= Rs 3150 + 5 × 3150 / 100
= Rs 3150 + 157.50
= Rs 3307.5
Rent after 1 year = Rs 3000 + 5 % of 3000
= Rs 3000 + 5 × 3000 / 100
= Rs 3000 + 150
= Rs 3150
Rent after 2 years = Rs 3150 + 5 % of 3150
= Rs 3150 + 5 × 3150 / 100
= Rs 3150 + 157.50
= Rs 3307.5
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