The tuition would be $6143.94 next year
<h3>How to detemrine the tuition amount?</h3>
The given parameters are:
- Current amount = $5,742
- Rate of increment, r = 7%
The tuition next year is then calculated as:
Tuition = Current * (1 + Rate)
This gives
Tuition = $5,742 * (1 + 7%)
Evaluate
Tuition = $6143.94
Hence, the tuition would be $6143.94 next year
Read more about rates at:
brainly.com/question/25545513
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