Homework Help: Grade 12 Math

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 .

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