Rent Increase 3B840E
1. **Stating the problem:** We have rent values for the years 2013 and 2014, and we want to find the rent for 2015.
2. **Given data:**
- Rent in 2013 = 3500
- Rent in 2014 = 4000
- Rent in 2015 = ?
3. **Understanding the problem:** The rent increased from 3500 to 4000 from 2013 to 2014. We want to find the rent for 2015 assuming the same percentage increase continues.
4. **Formula for percentage increase:**
$$\text{New Rent} = \text{Old Rent} \times (1 + \text{percentage increase})$$
5. **Calculate the percentage increase from 2013 to 2014:**
$$\text{percentage increase} = \frac{4000 - 3500}{3500} = \frac{500}{3500} = \frac{1}{7} \approx 0.1429$$
6. **Calculate the rent for 2015:**
$$\text{Rent}_{2015} = 4000 \times (1 + 0.1429) = 4000 \times 1.1429 = 4571.43$$
7. **Answer:** The rent for 2015 is approximately 4571.43.