Q2 of 48 Page 109

A owner increases the rent of his house by 5% at the end of each year. If currently its rent is Rs. 2500 per month, how much will be the rent after 2 years?

Rent of the house = Rs. 2500

% of Increase in each year = 5%


Rent increase in first year :


5% of 2500


= 125


Rent increase in first year = Rent of the house + increase in %


= 2500+125


= Rs. 2625


Rent increase in second year :


5% of 2625


= 131.25


Rent increase in second year = Rent of the house in first year + increase in %


= 2625+131.25


= Rs. 2756.25


∴ The rent after 2 years is Rs. 2756.25


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