document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=973286>Question 973286</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Your $750 rent increases 3% over year. Write an equation  and then find your rent in 10 years.\r<BR>\n" );
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document.write( "Doing this the long way (taking 750(0.03) and then changing the new rent amount each month, I come up with the rent totaling $1007.94 after 10 years. I can't figure out how to write that equation in a simpler form,and I'm not even sure I found the correct answer! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #595508 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=595508\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> it would be 750 * 1.03^10 = 1007.937285\r<BR>\n" );
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document.write( "you got it right, but you did it the long way.\r<BR>\n" );
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document.write( "the equation is derived as follows:\r<BR>\n" );
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document.write( "750 * 1.03 gets you the first year.\r<BR>\n" );
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document.write( "750 * 1.03 * 1.03 gets you the second year.<BR>\n" );
document.write( "that's equivalent to 750 * 1.03^2\r<BR>\n" );
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document.write( "750 * 1.03 * 1.03 * 1.03 gets you the third year.<BR>\n" );
document.write( "that's equivalent to 750 * 1.03^3\r<BR>\n" );
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document.write( "the tenth year becomes 750 * 1.03^10.\r<BR>\n" );
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document.write( "your multiplication factor is 1.03 because 750 + 750 * .03 is equal to 750 * 1.03 after you factor out the common term of 750.<BR>\n" );
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