Posted by **Nicole - Ms Sue** on Wednesday, April 18, 2012 at 9:09pm.

You have decided to rent a room in your house. The current rent is $450.00/month. If the rent cap is 2.75%, how many years will it take until you can charge at least $525.00/month?

- Grade 12 Math -
**bobpursley**, Wednesday, April 18, 2012 at 9:19pm
525=450(1+.0275)^t

take the log of both sides...

log 525= log 450+ t log(1.0275)

t= (log525-log450)/log(1.0275

- Grade 12 Math -
**Nicole - Ms Sue**, Wednesday, April 18, 2012 at 9:26pm
I'm sorry but that's a little to hard for me to understand

I'm workplace level in math i dont know log

- Grade 12 Math -
**Nicole - Ms Sue**, Wednesday, April 18, 2012 at 9:40pm
never mind i got my friend to help me , but thank you for your time .

## Answer this Question

## Related Questions

- Math 1200 - a complex has 205 apartment units. When the rent is $635 per month ...
- Calculus-Applied Optimization Problem - The manager of a large apartment complex...
- Math 115 - The manager of a large apartment complex knows from experience that ...
- (basic)accounting help plz! - June 1: Rented office space and paid three months...
- math - A house is rented for $2000 per quarter, with each quarter's rent payable...
- Economics - 1. What determines the size of the key-money payments that landlords...
- Computer Programming - I'm trying to create a vba code that solves this problem...
- Calculus - The manager of a 100 unit apartment complex knows from experience ...
- Calculus - The manager of a large apartment complex knows from experience that ...
- Calculus - The manager of a large apartment complex knows from experience that ...

More Related Questions