Question

You rent an apartment that costs $1800 per month during the first year, but the rent is set to go up $90 per year. What would be the monthly rent during the 10th year of living in the apartment?

Answer 1

The original cost of the apartment: was $1800

The increased price of the apartment per year: $90

To figure this problem out we need to calculate how much the apartment would cost around the 10th year. To do that, we would first need to multiply the $90 increase per year and the 10th years of living in the apartment.

$90 x 10 = $900

Now that we know how much it increased, we need to add that to our original cost. So, we add $1800 and $900.

$1800 + $900 = $27000

Yay! Know we know our monthly rent is $27000 during the 10th year of living there.