Question

Valentina and her family have been paying $1,990 in rent each month. Their landlord says he isgoing to raise their rent by 29.5% next year. (He is hoping they will sign the lease withoutrealizing how much more they will be paying.) Which of the following could reasonably beValentina's family's new rent? (1 point)a. $ 588.15b. $ 1,402.85c.$ 2,577.05d. $ 2,622.95$ 5,970.00e.

Answer 1

Given:

The initial rent is $1990.

The increased percentage is 29.5%.

So, the new rent will be,

`1990*(129.5)/(100)=2577.05`

Hence, the increased rent is $2566.05.

Therefore, the correct option is, c.