Question

A private high school charges $53,797 for tuition, but this figure is expected to rise 10% per year. What will tuition be in 8 years?

If necessary, round your answer to the nearest cent.

Answer 1

Tuition would be 96,834.60 dollars

Explanation:

To calculate a 10% rise, multiply 53,797 by 0.1, or divide it by ten. You will get 5379.7 dollars. Next, multiply that amount by 8, and you get 43,037.6 dollars. Add that to the original tuition, and you will get 96,834.60 dollars.