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You rent an apartment that costs $1000 per month during the first year, but the rent
is set to go up 12% per year. What would be the rent of the apartment during the 11th
year of living in the apartment? Round to the nearest tenth (if necessary).
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Answer:

2320

Step-by-step explanation:

12% of 1000 is 120 so you multiple that time 11 which equals 1320 and then you add 1000 which gives you 2320
2320 hope this helps

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