An apartment costs $875 per month to rent. The owner raises the price by 20%
and then gives a discount of 8% to renters who sign an 18-month lease. How
much less do renters who sign an 18-month lease pay per month to rent the
apartment?

i was never good at math but i did 875 divided by 18 and i got 48.6%

Step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of