You rent an apartment that costs $1700 per month during the first year, but the rent is set to go up 9% per year. What would be the rent of the apartment during the 12th year of living in the apartment? Round to the nearest tenth (if necessary).

Given :

You rent an apartment that costs $1700 per month during the first year, but the rent is set to go up 9% per year.

To Find :

The rent of the apartment during the 12th year of living in the apartment.

Solution :

Let, A is the final price after 12 year and P is the principal amount.

We know, by formula of compounding :

Therefore, the rent of the apartment during the 12th year of living in the apartment is $4781.53 .

answer: standard form is ax^2 + bx + c = 0

step-by-step explanation:

standard form is ax^2 + bx + c = 0

(2x + 1)(x - 2) = 0

distribute to get into standard form

2x^2 - 4x + x - 2 = 0

2x^2 - 3x - 2 = 0

a = 2, b= -3, c = -2

a is your answer