Hank’s monthly rent was $458, but he just got a notice from his landlord saying that it will go up by 21%. This means that he will now pay 121% of the previous amount. Which is the best estimate of Hank’s new monthly rent?
Answer
A
$540
B
$552
C
$585
D
$598
Explanation
Find 121% of the old rent: 458 × 1.21 = 554.18. The closest choice is $552, so Hank’s new monthly rent is best estimated as $552.
AI-written and checked against the verified answer.