Question

Cody's rent is increasing by $51 per month starting next year. That is an increase of 15% from his current rent. Let r represent Cody's current rent. Set up an equation and solve it to fibd the value of r.

Answer 1

Given :

Cody's rent is increasing by $51 per month starting next year.

That is an increase of 15% from his current rent.

Let the current rent = r

so, the increase = 15% of r = 0.15r

So, the equation that represent the situation is :

`0.15\cdot r=51`

Solve for r :

`r=(51)/(0.15)=340`

So, the current rent = $340

The rent for the next year = 340 + 51 = $391