Question

Thea's monthly rent is 1,600 dollars. If the rent goes up 3% a year, then the rent will be

__________dollars per month after the first year
.

Answer 1

Theas rent would be 1648 because 1 percent is 16, you would just multiply times the percent in the 16 factor, for example 16 x 2 would be 32 + 16 again is 48. I hope this helps you sorry for my bad explanation

Answer 2

$1,648

Explanation:

After one year, their rent goes up by 3%, so you only need to calculate this increase once. To increase a number by 3%, you must multiply it by 1.03.

1600 * 1.03 = 1648