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

the answer would be $193,960

Answer 2

Answer:$2440

Explanation:

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

a10 = 1000 + 9(160)

a10 = 2440