A college's tuition has risen 5% each year since 2015. If the tuition in 2015 was $10,850, predict the cost of tuition for this college in 2030. Choose the correct answer below. Hint - use the equation for exponential growth below y=a(1+r)t
about $25,655.95
about $8,943.34
about $243,045.55
about $22,556.37