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ises the rent of his house by 5% at the end of each year. If currently its rent2500 per month, how much will be the rent after 2 years? |
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Answer» percentage increase of rent in 1 year=5%so percentage increase of rent in 2 years=10%So rent after 2 years=2500+10% of 2500=2500+10/100x2500=2500+250=2750 for 1st yearrent=2500+5%of 2500=2500+5/100x2500=2500+125=2625for second year rent =2625+5%of 2625=2625+5/100x2625=2625+131.25=2756.25so this is the correct answer |
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