Question

Aneesha determined that the cost of attending her public four-year college in her first year will be $6,220. If the average cost is expected to increase by 6% what will be the cost of attending her second year in college?

A. $6,226.00
B. $6,257.32
C. $6,593.20
D. $6,820.00

Answer 1

C. $6,593.20
because
$6,220 + 8% of that is $6,593.20

Answer 2

The cost of the attending college in second year is $6593.2 .

Option (C) is correct .

Explanation:

As given

Aneesha determined that the cost of attending her public four-year college in her first year will be $6,220.

If the average cost is expected to increase by 6% .

6% is written in the decimal form

`= (6)/(100)`

= 0.06

Increase amount in second year = 0.06 × Cost of attending college in first year .

= 0.06 × $6220

= $ 373.2

Thus

Cost of attending college in second year = Cost of attending college in first year + Increase amount in second year .

Put all the values in the above

Cost of attending college in second year = $6220 + $ 373.2

= $ 6593.2

Therefore the cost of the attending college in second year is $6593.2 .

Option (C) is correct .