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A couple pays $1100.00 per month to rent a townhouse in 2010. They have been told that their rent will increase 10% each year. How much rent can they expect to pay in 2013 ?

A couple pays $1100.00 per month to rent a townhouse in 2010. They have been told that their rent will increase 10% each year. How much rent can they expect to pay in 2013 ?
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A couple pays $1100.00 per month to rent a townhouse in 2010. They have been told that their rent will increase 10% each year. How much rent can they expect to pay in 2013 ?

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User Amila Dulanjana
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8.6k points

1 Answer

5 votes
2010 = $1,100.00
2011 = $1,210.00
2012 = $1,331.00
2013 = $1,461.10
Hope this helps!!!
answered
User Jacktrades
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8.2k points
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