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2 November, 12:38

The rent for an apartment is $6600 per year and increases at a rate of 4% each year. Find the rent of the

apartment after 5 years. Round your answer to the nearest penny.

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  1. 2 November, 15:19
    0
    the answer is 7721.

    Step-by-step explanation:

    ok there is a lot of steps but will work them out

    6600*.04=264

    264+6600=6864

    6864*.04=274.56

    274.56+6864=7138.56

    7138.56*.04=285.5424

    285.5424+7138.56=7424.1024

    7424.1024*.04=296.964096

    296.964096+7424.1024=7721.066496
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