Grade 12 Math

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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 -

    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 -

    I'm sorry but that's a little to hard for me to understand
    I'm workplace level in math i don't know log

  • Grade 12 Math -

    never mind i got my friend to help me , but thank you for your time .

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