Imani's rentapcreased from \( \$ 560 \) per month to \( \$ 600 \) per month. Her friend, Ariana, had her rent increase from \( \$ 825 \) to \( \$ 875 \). Who had the larger percent increase in their rent? Remember to set up your ratios using the original rent. Review Exercise \#1 from the lesson if you want to see a similar problem.
Upstudy AI Solution
Answer
Solution

Sign in to Unlock Answers for Free!
A Learning Platform Trusted by Millions of Real Students and Teachers.

Answered by UpStudy AI and reviewed by a Professional Tutor
Mind Expander
To find the percent increase for Imani's rent, we can use the formula for percent increase: \[ \text{Percent Increase} = \left( \frac{\text{New Rent} - \text{Original Rent}}{\text{Original Rent}} \right) \times 100 \] For Imani: \[ \text{Increase} = 600 - 560 = 40 \] \[ \text{Percent Increase} = \left( \frac{40}{560} \right) \times 100 \approx 7.14\% \] For Ariana: \[ \text{Increase} = 875 - 825 = 50 \] \[ \text{Percent Increase} = \left( \frac{50}{825} \right) \times 100 \approx 6.06\% \] So, Imani had the larger percent increase in her rent at about \( 7.14\% \) compared to Ariana's \( 6.06\% \). Rent increases can often be surprising! A fun historical note: the rise in rents has been a topic of debate throughout history, often leading to tenant movements and rent control measures, especially in cities with booming populations. Always keep an eye on market trends to predict potential hikes! If you ever find yourself facing a similar situation, it's always wise to negotiate your rent increase. Landlords may be willing to compromise, especially if you’re a good tenant. Remember to document any communication and keep a record of your payment history to strengthen your negotiating position!