Question

The cost of every college is expected to increase `3.5\%` next year.

The cost to attend Faber College is currently `\$24000`.
If the percentage increase stays constant, what will the cost be in two years?

Answer 1

25709.4

Step-by-step explanation:

3.5% of 24000 is 840, so, the price will be 24840 in the 1st year.

we will add another 3.5% to our last result which is 24840 and the answer will be 25709.4.

Answer 2

I believe $25680 is your answer if I did it right