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You rent an apartment that costs $900 per month during the first year, but the rent is set to go up $190 per year. What would be the monthly rent during the 5 th year of living in the apartment? Answer: $ □

You rent an apartment that costs $900 \$ 900 per month during the first year, but the rent is set to go up $190 \$ 190 per year. What would be the monthly rent during the 55 th year of living in the apartment?\newlineAnswer: $ \$ □\square

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Q. You rent an apartment that costs $900 \$ 900 per month during the first year, but the rent is set to go up $190 \$ 190 per year. What would be the monthly rent during the 55 th year of living in the apartment?\newlineAnswer: $ \$ □\square
  1. Determine initial rent: Determine the initial monthly rent and the annual increase.\newlineInitial monthly rent = $900\$900\newlineAnnual increase = $190\$190
  2. Calculate total increase: Calculate the total increase in rent after 44 years.\newlineSince the rent increases by $190\$190 each year, after 44 years, the total increase will be:\newlineTotal increase = Annual increase ∗* Number of years\newlineTotal increase = $190×4\$190 \times 4\newlineTotal increase = $760\$760
  3. Find rent for 55th year: Add the total increase to the initial monthly rent to find the rent for the 55th year.\newlineMonthly rent during the 55th year = Initial monthly rent + Total increase\newlineMonthly rent during the 55th year = $900\$900 + $760\$760\newlineMonthly rent during the 55th year = $1660\$1660

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