Question

You rent an apartment that costs \$900$900 per month during the first year, but the rent is set to go up \$120$120 per year. What would be the monthly rent during the 11th year of living in the apartment?

Answer 1

Answer: To find the monthly rent during the 11th year, we need to calculate the total increase in rent over the course of 10 years and then add that to the original monthly rent of $900.

The total increase in rent over 10 years is $120 per year * 10 years = $1200.

So, the monthly rent during the 11th year would be $900 + $1200 = $2100.

Therefore, the monthly rent during the 11th year would be $2100.

Explanation: