Question

The tuition at a certain college was ​$26 comma 373 last year and increased 5.4​% from last year to the current year. How much is this​ year's tuition?

This​ year's tuition is ​$_________

Answer 1

Answer:

This​ year's tuition is ​US$ 27,797

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Cost of the tuition at a certain college last year = US$ 26,373

Increase rate this year = 5.4% = 0.054

2. How much is this​ year's tuition?

This year's tuition = Last year's tuition * (1 + Increase rate)

This year's tuition = 26,373 * (1 + 0.054)

This year's tuition = 26,373 * (1.054) = 27,797 (Rounding to the next whole)

This​ year's tuition is ​US$ 27,797

Answer 2

In this question, we're trying to find the cost of this year's tuition.

We know that the tuition last year was 26,373 dollars.

This year's tuition increased by 5.4%

In order to find the cost of this year's tuition, we would need to multiply 26,373 by (1 + 0.054 = 1.054), due to the fact that there is an appreciation in the cost.

Solve:

26,373 · 1.054 = 27,797.142

Since tuition is to the nearest whole, round to the nearest whole.

This means that this year's tuition was $27,792

Answer:

$27,792