You rent an apartment that costs $1200 per month during the first year, but the rent is set to go up 12% per year. Write a recursive f

Question

You rent an apartment that costs $1200 per month during the first year, but the rent
is set to go up 12% per year. Write a recursive formula to show what the rent is during
the nth year of living in the apartment.

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Thạch Thảo 4 years 2021-08-28T09:50:19+00:00 1 Answers 36 views 0

Answers ( )

  1. Calantha
    0
    2021-08-28T09:51:33+00:00
    Reply

    Answer:

    So first we have to figure out what $1200 per month for 12 months is since it was a year. 1200×12=14,400 a year which is outrageous for an apartment just saying.

    Then we find out what 12% of the 1200 is and then add it to 1200.

    To find the percentage of that we need to know how many times 12 fits into 100% 12 fits into 100 a total of 8.33333333333 times.

    So now we divide 1200 by 8.33333333333 to see what 12% of it is.

    1200 divided by 8.33333333333 is 144. So 1200+144=1344.

    Now since one of the nine years has passed already we only have 8 remaining.

    Now we see what 1344 a month for 12 months is 16,128 a year.

    Now we multiply 16,128 by 8 to get the outcome of 8 more years. So 16,128×8=129,024

    Thats it pls mark brainliest

    Step-by-step explanation:

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