Question

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You rent an apartment that costs $1400 per month during the first year, but the rent is set to go up $180 per year. What would be the monthly rent during the 5th year of living in the apartment?

Answer 1

$2,120

Explanation:

180 times 4 = 720

1,400 + 720 = 2,120

Year 1: $1,400 a month

Year 2: $1, 580 a month

Year 3: $1,760 a month

Year 4: $1,940 a month

Year 5: $2,120 a month

Answer 2

Explanation:

Per year it goes up by $180

What about in 5years?

180×5=900

1400+900=2300

=$2300