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The Harrison family paid $14,400 in rent last year. The landlord has decided to raise rent 2.5% each year. How much will the Harrison family have to pay for rent on the 5th year? Round to the nearest whole
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The Harrison family paid $14,400 in rent last year. The landlord has decided to raise rent 2.5% each year. How much will the Harrison family have to pay for rent on the 5th year? Round to the nearest whole dollar. *

User Nyteshade
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5.2k points

1 Answer

4 votes

Answer:

$16,200.

Explanation:

14400 + .025(1440)(5)

14400 + 1800 = 16200.

Feel free to let me know if you need more help! :)

User Merwyn
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