Question

Owner increases the rent office house by 5% at the end of the each year is currently its rent is 2500 per month how much will be the rent after 2 years

Answer 1

It's just like Compound Interest.

Current rent x (1 +rate/100)x (1 +rate/100)

=2500 x 21/20 x 21/20

=Rupees 2756.25 .