Question

You rent an apartment that costs

$
1000
$1000 per month during the first year, but the rent is set to go up
$
160
$160 per year. What would be the monthly rent during the 10th year of living in the apartment?

Answer 1

You need to multiply the two numbers. Or you can use long addition.

Answer 2

$2440

Explanation:

a10 = a1 + (n-1)d <--- arithmetic sequence formula

a10 = 1000 + 9(160)

a10 = 2440