Question

the cost of state college tuition is currently at $22,500 per year and is rising at a rate of 4% each year. What will the same college tuition be in 5 years? Round to the nearest cent

Answer 1

27000

Explanation:

22,500 x .04=900

So it rises $900 each year

900 x 5=4500

It will increase by $4500 in 5 years

Add 22500+4500=27000