Sequences and Series Question
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Grade 12 Sequences and Series CCSS: HSA-SSE.B.4
A business pays $300 to rent a piece of office equipment for one year. The rent was increased by 15% each year thereafter. How much will the company pay for the first four years it rents the equipment, to the nearest dollar?
- $456
- $1,498
- $1,153
- $853