You rent an apartment that costs $1200 per month during the first year, but the rent is set to go up 10.5% per year. What would be the rent of the apartment during the 7th year of living in the apartment?

Answers

Answer 1

The rent of the apartment during the 7th year of living in the apartment is $2414.

Given that, principal = $1200, rate of interest =10.5% and time period = 7 years.

Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.

The formula used to find the compound interest = [tex]A=P(1+\frac{r}{100})^{nt}[/tex]

[tex]A=1200(1+\frac{10.5}{100} )^7[/tex]

[tex]A=1200(1+0.105)^7[/tex]

[tex]A=1200(1.105)^7[/tex]

[tex]A=1200\times2.0116[/tex]

[tex]A=2413.88[/tex]

A ≈ $2414

Therefore, the rent of the apartment during the 7th year of living in the apartment is $2414.

To learn more about the compound interest visit:

https://brainly.com/question/14295570.

#SPJ4

Answer 2

Final answer:

To calculate the 7th year rent after a 10.5% annual increase starting from an initial rent of $1200, use the formula for compound interest. The rent amounts to approximately $2277.60 for the 7th year.

Explanation:

Calculating Future Rent Increase

To calculate the rent of the apartment during the 7th year after a consistent annual increase, we need to apply the percentage increase formula within a compound interest framework:

Rentₙ = Rent₀ × (1 + rate)ⁿ

Where Rentₙ is the rent after n years, Rent₀ is the initial rent, rate is the annual increase rate in decimal form, and n is the number of years.

For an initial rent of $1200 with a 10.5% increase per year:

Rent for the 7th year will be calculated as follows:

Rent₀ = $1200

rate = 10.5% or 0.105 in decimal form

n = 6 (since we are starting from year 1 to year 7)

Using the formula:

Rent₇ = $1200 × (1 + 0.105)⁶

Upon calculation, the rent for the 7th year is approximately:

Rent₇ = $1200 × (1.105)⁶ ≈ $1200 × 1.898 = $2277.60

Thus, the rent of the apartment during the 7th year of living there would be approximately $2277.60


Related Questions

PLEASE HELP!!!!!!!!!!!! WILL GIVE CORRECT ANSWER BRAINLIEST!!!!!!!!!






the diagram below shows the rectangle LINT. Find the perimeter of the rectangle LINT. if entering your answer as a decimal, round your final answer to the nearest hundredth
(pls ignore the messy screen)

Answers

Answer:22.75

Step-by-step explanation:

20. Helen and Carla live in states that have
different sales tax rates. They each bought
a new bicycle. Helen paid $14 for a 5.6%
sales tax on her bicycle. Carla paid $12 for
a 4.8% sales tax on her bicycle. Who paid
more for their bicycle, not including sales
tax?

Answers

Answer: Helen paid $250 for the bike

Carla paid $250 for the bike.

They both paid the same amount

Step-by-step explanation:

Final answer:

By calculating the pre-tax prices of the bicycles using the provided sales tax amounts and rates, we determine that both Helen and Carla's bicycles cost $250 before tax, meaning neither paid more for their bicycle excluding the sales tax.

Explanation:

To determine who paid more for their bicycle excluding the sales tax, we need to calculate the pre-tax price of each bicycle using the sales tax amounts given. This requires us to work backwards from the sales tax paid to the original cost of the item.

For Helen, we know that the sales tax was $14, and the rate was 5.6%. We find the pre-tax price by dividing the sales tax paid by the sales tax rate (converted into decimal form):

Pre-tax price for Helen = $14 / 0.056 = $250

For Carla, the sales tax was $12, and the rate was 4.8%. The pre-tax price calculation is similar:

Pre-tax price for Carla = $12 / 0.048 = $250

Since both pre-tax prices are equal, neither Helen nor Carla paid more for their bicycle when we do not include the sales tax.

3. Para encontrarmos o resultado de 300 – 650, podemos: a) efetuar 650 + 300 e manter o sinal do resultado b)efetuar 650 + 300 e inverter o sinal do resultado c) efetuar 650 – 300 e manter o sinal do resultado d) efetuar 650 – 300 e inverter o sinal do resultado

Answers

Answer:

To find the result of 300 - 650, we can:

a) do 650 + 300 and keep the result sign

b) do 650 + 300 and invert the result sign

c) do 650 - 300 and keep the result sign

d ) perform 650 - 300 and invert the result sign

Step-by-step explanation:

The correct answer is the letter D .

(perform 650 - 300 and invert the result sign)

300 - 650

300 is more than - 650 on the number line this is because of the negative sign of 650

so we can also write it as 650 - 300 and after getting the require result with put the negative sign to the result, so the result will be -350

Keep the sign of the number with the highest absolute value and subtract from it the lowest absolute value.

- (650 - 300)

Subtract the numbers.

- 350

therefore, the answer is d ) perform 650 - 300 and invert the result sign

The price of 8 citrons and 9 fragrant wood apples is 145 units. The price of 9 citrons and 8 fragrant wood apples is 144 units. Find the price of a citron and the price of a wood apple.

Answers

Answer:

The price of a citron is 8 and the price of a wood apple is 9

Step-by-step explanation:

First of all we make two equations that represents the problem

c = citrons price

w = wood apples price

8c + 9w = 145

9c + 8w = 144

we clear c in the first equation

8c + 9f = 145

8c= 145 - 9w

c = (145 - 9w) /8

c = 145/8 - 9w/8

we replace c by (145/8 - 9w/8) in the second equation and solve

9(145/8 - 9w/8) + 8w = 144

163.125 - 10.125w + 8w = 144

163.125 - 144 = 10.125w - 8w

19.125 = 2.125w

19.125/2.125 = w

9 = f

now we replace w in the first equation

8c + 9w = 145

8c + 9(9) = 145

8c + 81 = 145

8c = 145 - 81

8c = 64

c = 64 / 8

c = 8

The price of a citron is 8 and the price of a wood apple is 9

You received ​$97 in all selling paintings. You sold one painting for ​$29 and the rest for ​$17 each. Solve the equation below to find​ x, the number of ​$17 paintings you sold.
17x + 29 = 97

Answers

Answer:

4

Step-by-step explanation:

Answer:

4

Step-by-step explanation:

97=29+17x

subtract 29 from both sides

68=17x

divide both sides by 17

4=x

-3x-5 less than or equal\] to -23

Answers

Answer:

Step-by-step explanation:

What's x

Line segment ON is perpendicular to line segment ML.


Circle O is shown. Line segments M O, N O, and L O are radii. Lines are drawn to connects points M and N and points N and L to form chords. A line is drawn from point M to point L and intersects line O N at point P. The length of O M is 13 and the length of P N is 8. Angle O P L is a right angle.


What is the length of chord ML?


20 units

24 units

26 units

30 units

Answers

Answer:

B. 24 units

Step-by-step explanation:

Each triangle has 13 as the hypotenuse and 8 as a leg length; the lengths carry over.

The longer leg length (MP & PL) is 12 from the pythagorean theorem.

13^2 - 8^2 = 12^2.

MP + ML = PL, so 12 + 12 = 24.

Answer:

24

Step-by-step explanation:

Drag the vertices of the triangle below to draw a right triangle with side lengths 5, 12, and 13.

Answers

I hope that helps, coz l've done what i know

A county manager used a representative sample of two populations in the county to determine the number of pounds of trash thrown away per person per week. The results are shown in the dot plots below. Sample 1: A dot plot titled Sample 1. A number line going from 0.5 to 2.5 in increments of 0.5 is labeled Pounds of Trash. There is 1 dot above 0.5, 3 above 1, 4 above 1.5, 2 above 2, and 2 above 2.5. Sample 2: A dot plot titled Sample 2. A number line going from 0.5 to 2.5 in increments of 0.5 is labeled Pounds of Trash. There are 2 dots above 0.5, 3 above 1, 4 above 1.5, 2 above 2, and 1 above 2.5. The town manager uses the median to show that the average amount of trash thrown away per person per week in each sample is the same. What is the town manager's error?

Answers

Answer:

its B

Step-by-step explanation:

Answer:

it is b

Step-by-step explanation:

i took the test

how do i find the area of this shape?

Answers

Answer: 288

Parallelogram Area Using Sides

Suppose a and b are the set of parallel sides of a parallelogram and h is the height, then based on the length of sides and height of it, the formula for its area is given by: Area = Base × Height. A = b × h [sq.unit]

Answer:

288 ft

Step-by-step explanation:

The height is 16 and the base is 18.

base times height equals area in a parallelogram.

16x18=288

Is the number 3 a rational number?

Answers

Answer:

Yes.

Step-by-step explanation:

The number 3 is a natural number, and all of these types of numbers are rational.

Another way to look at it is if a number can be written as a fraction, the number is rational.

Answer:

in fact yes

Step-by-step explanation:

it is since it's actually a normal number

Which number gives you an irrational product when you multiple it by 0.2

Answers

Is the question complete or is that 0.25?

Answer:

the answer is

[tex] \sqrt{5} [/tex]

as you can see I got it right.

A jar contains 10 marbles marked with the numbers 1 through 10. You pick a marble at random. What is the probability of not picking the marble marked with the number 3? Enter you’re answer as a simplified fraction.

Answers

Answer:

1/10

Step-by-step explanation:

There's 10 marbles that you can pick, and there's only one marble with a 3 on it. So it'd be 1/10

I did the question and the correct answer was 9/10. Not 1/10 like the other answer.

I need help finding the area of the kite and trapezoid.

Answers

Answer:

Kite = 72cm²

Trapezoid = 144 km²

Step-by-step explanation:

Kite:

4×6 = 24cm

8×6 = 48cm

24+48 = 72cm²

Trapezoid:

9×12 = 108 km

12×6 = 72 km

72÷2 = 36 km

36+108 = 144 km²

dooood is this answer dependent???????????????????

Answers

Step-by-step explanation:

Step 1:  Determine which option

First let me explain you what dependent means, it means that the next event is affected by the previous event.  On the other hand, independent means that all of the events have the same chance of happening and the items don't disappear.  

In this question, if a person chooses a donut there are no more of that type and the next event is affect by the previous one.  Therefore, this question is dependent.

Answer:  Dependent

Cost to store: $75
Percent of Markup:
Selling price: $112.50

Answers

Answer:

15%

Step-by-step explanation:

pretty sure thats right

Final answer:

The student's question involves a business math concept of calculating the percent markup from the cost and selling price, resulting in a 50% markup for this example.

Explanation:

The question involves calculating the percent markup based on the cost to store an item and its selling price.

To find the percent of markup, you subtract the cost to store from the selling price and then divide by the cost to store.

Finally, multiply by 100 to get the percentage.

For example, if an item costs $75 to store and sells for $112.50, the markup is ($112.50 - $75) / $75 = 0.50, or 50%.

This is an example of a basic markup calculation commonly covered in business and economics classes in high school.

What is the slope and x-intercept of y=2x+1?

Answers

Answer:

slope: 2

x-intercept = -1/2

Step-by-step explanation:

The equation is in  y = mx + b  form.  m = slope.  The slop is equal to 2.

To find the x-intercept set y equal to 0 and solve for x.

0 = 2x + 1

-1 = 2x

x = -1/2

Answer:

slope= 2

x intercept=-0.5 or -1/2

Step-by-step explanation:

y= mx+b

m is the slope, therefore 2 is the slope of the equation.

X-intercept

substitute 0 to y

0=2x + 1

Subtract 1 from both sides

0-1=2x+1-1

-1=2x

Divide both sides by 2

-1/2=2x/2

x=-1/2 or -0.5

Amanda has a ribbon that is 6 feet long. She wants to cut it into 12 equal pieces. How long will each piece be? Write the steps, in order, you would take to solve the problem. * 2 points Your answer

Answers

Answer:

Each of the pieces will be 0.5 feet long

Step-by-step explanation:

In this question, we are asked to calculate the individual length Anita will cut a ribbon 6 feet long into to ensure that each of the piece has the same length.

To calculate this, since we don not know what length each of the piece would be, we can say let the length of each of the pieces be x feet

Now, we know that there are 12 pieces that are equal in length. The length of all these 12 pieces would be 12 * x = 12x feet

Now what do we know again?

We also know that these 12x feet equals a total of 6 feet

mathematically therefore;

12x = 6

x = 6/12

x = 0.5 feet

Answer: Each piece will be 1/2 feet long.

Step-by-step explanation:

Hi, to answer this question we have to analyze the information given.

We simply have to divide the length of the ribbon (6) by the number of pieces that she wants to cut (12).

Mathematically speaking:

6 /12 = 1/2  

In conclusion, each piece will be 1/2 feet long.

Feel free to ask for more if needed or if you did not understand something.  

PLZ HELP ASAP FIRST ANSWER GETS BRAINLEST WEN THERES TWO PPL WHO ANSWER QUESTION I CHOOSE WHO FIRST 1 WAS GETS IT N FIVE STAR N THANKS 14 POINTS

Answers

Answer:

£375

Step-by-step explanation:

Difference will be equal to the difference in VAT

(20% - 17.5%) of 15000

2.5% of 15000

2.5/100 × 15000

375

A pedestal on which a statue is raised on is a rectangular concrete solid measuring nine

feet long, nine feet wide, and six inches high. How much is the cost of the concrete in the

pedestal, if concrete costs $70 per cubic yard?

Answers

Answer:

The cost of the rectangular concrete solid is $104.87

Step-by-step explanation:

If the pedestal on which a statue is raised on is a rectangular concrete solid measuring nine  feet long, nine feet wide, and six inches high, the volume of the rectangular concrete solid will be expressed as shown;

Volume of the rectangular concrete solid = Length * Width * Height

Given Length = 9ft, Width = 9ft and Height = 6inches

Converting all the units to yards

Given 1ft = 0.333yard

Length = 9 * 0.333 = 2.997yards

Width = 9* 0.333 = 2.997yards

Also given 1inch = 0.0278yard

Height = 6 * 0.0278yards = 0.1668yards

Volume of rectangular concrete solid in cubic yards = 2.997*2.997*0.1668

Volume of rectangular concrete solid in cubic yards = 1.4982cubic yards

If concrete costs $70 per cubic yard, the cost of the rectangular concrete solid will be 1.4982 *$70 = $104.87

2n-3/ 10n^2-17n+3 multiplied by 15n^3-3n^3/ 6n^2-6n

Show the work
Multiplying Rational Expressions

Algebra 1 honors

PLEASE HELP ILL MARK BRAINIEST

Answers

Answer:

[tex]\frac{2n^2}{5n^2-6n+1}[/tex]

Step-by-step explanation:

The problem is as follows:

[tex]\frac{2n-3}{10n^2-17n+3} *\frac{15n^3-3n^3}{6n^2-6n}[/tex]

To make this problem simpler to solve, you can simplify the fractions.  The first fraction can be simplified by factoring the denominator and cancelling out like factors.

[tex]\frac{2n-3}{10n^2-17n+3} \\\frac{2n-3}{(2n-3)(5n-1)} \\\frac{1}{5n-1}[/tex]

The second fraction can be simplified by cancelling out like factors.

[tex]\frac{15n^3-3n^3}{6n^2-6n}\\\frac{12n^3}{6n^2-6n}\\\frac{2n^2}{n-1}[/tex]

Now, you can multiply the two fractions quite easily

[tex]\frac{1}{5n-1} *\frac{2n^2}{n-1}\\\frac{2n^2}{5n^2-6n+1}[/tex]

James had a peach that was 98 mm in diameter. One day he watered it with a magical solution, and it grew to 188,869 mm
in diameter.
Approximately how many times as large did the diameter of the peach become after James watered it?

Answers

To determine how many times larger the peach got, you will divide the new diameter by the original diameter length.

188869/98 = 1927.2

 

The new diameter is approximately 1927 times longer.

To convert this to scientific notation, move the decimal point from the end (on the right) to between the 1 and the 9 to get 1.927.

Then count the number of decimal places you moved to get there, because this represents how many groups of 10 you adjusted your place value by and then becomes your exponent in scientific notation.

1.927 x 10^3 times is the answer in scientific notation.

Answer:

2*10^3

Step-by-step explanation:

evaluate the expression ​

Answers

the answer is four so it would be #[

Factor the number: 64 = [tex]4^3[/tex]

Apply radical rule: [tex]\sqrt[n]{a^n}[/tex] = a  

a [tex]\geq 0[/tex]

[tex]\sqrt[3]{4^3} =4[/tex]

= 4

Factor out the greatest common factor of 25x^5-10x^3-15x

Answers

Answer:

5x (5x²+3) ( x-1 ) ( x+1 )

Step-by-step explanation:

hope this helps

what is the difference about the trapezoid formula from the triangle formula

Answers

Step-by-step explanation:

Do you mean area formula or the perimeter formula?

both formulas are different from the other because a triangle does not have 4 sides. A trapezoid is a quadrilateral.

and the triangle doesn't have "a base" usually

while trapezoids have two, one on the top and one on bottom

Jordan went to the store to buy a bicycle that was advertised for $50. When he arrived, he learned that the model he wanted was sold out, but there was another bicycle available that cost 15% more. How much did the available bicycle cost before taxes? $7.50 $57.50 $65.00 $15.00

Answers

Answer: 57.50

Step-by-step explanation:

50*.15=7.50

50+7.5=57.50

B - $57.50

Step-by-step explanation:

To find the cost of the available bicycle before taxes, we need to add another 15% to the original $50. To do that, all you do is multiply $50 by 15%, and then re-add the $50. Work is shown below:

First, change 15% into a decimal:

15% -> 15/100 -> 0.15

Next, lets find the cost of the available bicycle:

x = 50 (0.15)

x = 7.5

Now add the $50 back 7.5:

50 + 7.5 = 75.50

So your answer is B = $57.50 

The citizens of the Union were always happy with how the war was going.
True
Or
False

Answers

Answer:

False

Step-by-step explanation:

Lemme know if it helped

I think it’s false I’ve seen this one before but long time ago

the function g(x)= f(x+3)+2. Which of the following is true of the graph of g(x)

Answers

Answer:

You forgot to put the answer options.

Step-by-step explanation:

Answer:b. The graph of g(x) is shifted 3 units to the left and 2 units above the graph of f(x)

Step-by-step explanation:

7/6d+4/3=1/3 solving for d

Answers

Answer:

d = -6/7

Step-by-step explanation:

7/6d+4/3=1/3

Subtract 4/3 from each side

7/6d+4/3-4/3=1/3-4/3

7/6 d = -3/3

Simplify the right side

7/6 d = -1

Multiply each side by 6/7 to isolate d

6/7 *7/6 d = -1 *6/7

d = -6/7

Answer:

D= -3.23077

Step-by-step explanation:

7/6d+4/3=1/3

       -4/3   -4/3

7/6d= -1

divide each side by 7/6

d= -3.23077

Find the equation of the hyperbola centered at the origin that satisfies the given conditions: x-intercepts = +,-4 and asymptote at y=3/4x

Answers

Answer:

The equation of the hyperbola is presented as follows;

[tex]\frac{x^2}{16} - \frac{y^2}{9} =1[/tex]

Step-by-step explanation:

Here we have the standard equation of an hyperbola given as follows;

[tex]\frac{x^2}{a^2} - \frac{y^2}{b^2} =1[/tex]

Where:

a = x intercept

The asymptote is ±(b/a)x

Since the intercept, a is ± 4, the vertices are (-4, 0) and (4, 0)

We are given the asymptote as y = 3/4x, therefore, since the genral form of the asymptote is ±(b/a)x, comparing, we have;

±(b/a)x ≡ 3/4x

We have a = ±4, therefore, b = 3

Hence the equation of the hyperbola is found by putting in the values of a and b in the general form as follows;

[tex]\frac{x^2}{a^2} - \frac{y^2}{b^2} =1 \Rightarrow \frac{x^2}{4^2} - \frac{y^2}{3^2} =1[/tex]

The equation of the hyperbola = x²/16 - y²/9 = 1.

Answer:

B

Step-by-step explanation:

edge

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