Question

In the news you hear “ tuition is expected to increase from the current cost of $1,050 to $2,050 over the next ten years.” This represents a __% increase from the current tuition.

Answer 1

According to the information given in the exercise, the tuition is expected to increase from $1,050 to $2,050 over the next ten years.

Then, you need to use the following formula in order to solve this exercise:

`Percentage\text{ }Increase=\frac{Final\text{ }value-Initial\text{ }value}{|Initial\text{ }value|}\cdot100`

In this case:

`\begin{gathered} Initial\text{ }value=1,050 \\ Final\text{ }value=2,050 \end{gathered}`

Therefore, substituting these values into the formula and evaluating, you get:

`\begin{gathered} PercentageIncrease=(2,050-1,050)/(|1,050|)\cdot100 \\ \\ PercentageIncrease=95.24 \end{gathered}`

Hence, the answer is: 95.24% increase.