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18 August, 08:48

The rent for an apartment was $11,400 per year in 2012. If the rent increased at a rate of 4% each year thereafter, use an exponential equation to find the rent of the apartment in 2019.

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  1. 18 August, 10:46
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    if the 4% continues to be 4% of 11,400 and not the new number, the answer is: 14592.
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