ebukas monthly rent is $750. if ebuka pays the rent late, his landlord charges 4% interest per week that the…

ebukas monthly rent is $750. if ebuka pays the rent late, his landlord charges 4% interest per week that the payment is late. write a function that gives the total cost $r(t)$, in dollars, of ebukas rent if he pays it $t$ weeks late. $r(t)=$

ebukas monthly rent is $750. if ebuka pays the rent late, his landlord charges 4% interest per week that the payment is late. write a function that gives the total cost $r(t)$, in dollars, of ebukas rent if he pays it $t$ weeks late. $r(t)=$

Answer

Explanation:

Step1: Identify the initial rent amount

The initial rent is $750.

Step2: Determine the growth factor per week

The interest rate per week is 4% or 0.04. So the growth - factor per week is $1 + 0.04=1.04$.

Step3: Write the function

Since the rent grows by a factor of 1.04 each week for $t$ weeks, the function for the total cost $R(t)$ is $R(t)=750\times(1.04)^t$.

Answer:

$R(t)=750\times(1.04)^t$