Question

Please help me in finding this answer

Answer 1

Rent of the house = Rs. 2500

% of Increase in each year = 5%

Rent increase in first year :

5% of 2500 =5/100×2500

= 125

Rent increase in first year

= Rent of the house + increase in %

= 2500+125

= Rs. 2625

Rent increase in second year :

5% of 2625 =5/100×2625

= 131.25

Rent increase in second year

= Rent of the house in first year + increase in %

= 2625+131.25

= Rs. 2756.25

= Rs. 2756.25∴ The rent after 2 years is Rs. 2756.25

Hope it helps you ❣️☑️☑️