Question

An owner increases the rent of his House by 5 percentage at the end of each year if currently it's rent is rs.2500 per month,how much Wii be that rent after 2 years​

Answer 1

QUESTION

An owner increases the rent of his House by 5 percentage at the end of each year if currently it's rent is rs.2500 per month,how much Wii be that rent after 2 years

Step-by-step explanation:

1st year ;

rent increased

$= ( \frac{2500 \times 5 \times 1}{100} )$

$=rs 125$

rent in 1st year ;

$( {2500 + 125})$

$= rs \: 2625$

2nd year

rent increased :

$( \frac{2625 \times 5 \times 1}{100} )$

$= rs \: 131.25$

rent in 2nd in year

$= (2625 + 131.25)$

$= 2756.25$

ANSWER :

2756.25

Answer 2

Monthly Rent = 2500

Annualy Rent = 2500 × 12

=30000

Rate = 5%

Time = 2 yrs

Simple Interest (SI) = (P × r × t) /100

= (30000 × 5 ×2)/100

= 3000

Annualy Rent After 2Years = 30000 + 3000

= 33000

So, Monthly Rent after 2 years = 33000/12

= 2750 Rs.