You rent an apartment that costs $1100 per month during the first year, but the rent is set to go up $110 per year. What would be the monthly rent during the 11th year of living in the apartment?Answer: $ \(\square\)
Q. You rent an apartment that costs $1100 per month during the first year, but the rent is set to go up $110 per year. What would be the monthly rent during the 11th year of living in the apartment?Answer: $ \(\square\)
Calculate total increase: Determine the increase in rent over 10 years.Since the rent increases by $110 each year, we need to calculate the total increase after 10 years (since the 11th year would be after 10 increases).Total increase = Annual increase × Number of yearsTotal increase = $110×10
Calculate total increase after 10 years: Calculate the total increase in rent after 10 years.Total increase = $110×10=$1100
Calculate rent for 11th year: Calculate the rent for the 11th year.To find the rent for the 11th year, we add the total increase to the initial rent.Rent for the 11th year = Initial rent + Total increaseRent for the 11th year = $1100 + $1100
Evaluate rent for 11th year: Evaluate the rent for the 11th year.Rent for the 11th year = $1100 + $1100 = $2200