Question

4. A college's tuition increases by 15% each year. If tuition for your first year is $27,355, what will the tuition be each of the next three years you are

in school? Round to the nearest dollar.
O a $4,103, $615, $92
Ob $28,723, $30, 159, $31,667
O c $31, 458, $36, 177, $41,604
Od $41,033, $61,549, $92,323

Answer 1

c

Explanation:

increase in 15% therefore 1.15% of principal amount

$27355 times 1.15= $31458.25

$31458.25 times 1.15=$36,176.8975

$36,176.8975 times 1.15= $41603.53563

round all answers to the nearest dollar and you get

$31, 458, $36, 177, $41,604

so answer c