SOLUTION: A family is renting an apartment. For 2007, the rent is $1849 per month. The monthly rent in 2007 is 7.5% higher than the monthly rent in 2006. Determine the monthly rent in 2006.

Question 813431: A family is renting an apartment. For 2007, the rent is $1849 per month. The monthly rent in 2007 is 7.5% higher than the monthly rent in 2006. Determine the monthly rent in 2006.
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
osix * 1.075 = 1849
osix = 1849/1.075
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Answer
rent in 2006 was = 1849/1.075 = $1720 per month
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