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Math question!!!?
In 1990, a two bedroom apartment at Remington Square Apartments rented for $575 per month. In 1999, the same two-bedroom apartment rented for $850 per month. Assuming a constant rate of increase, what will a tenant pay for a two-bedroom apartment at Remington Square in the year 2000? Let me know how you got the answer.
1 Answer
- Anonymous1 decade agoFavorite Answer
A tenant will pay about $880.56. Since the rate of increase is constant, you can use the difference in price and the difference in time to get the amount per year.
(850-575) / (1999-1990) = 30.56. Since 2000 is only 1 year after 1999, you just add this amount to the cost in 1999.