Question

You rent an apartment that costs $1300 per month during the first year, but the rent is set to go up $120 per year. What would be the monthly rent during the 8th year of living in the apartment?

Answer 1

2140

Explanation:

Year one. 1300

year 2. 120. 1420

year 3. 120. 1540

year 4. 120. 1660

year 5. 120. 1780

year 6. 120. 1900

year 7. 120. 2020

year 8. 120. 2140

or

7 x 120=840

1300 + 840 = 2140