Answer:
$7,596.43
Step-by-step explanation:
The cost of the college tuition is increasing 5% compounded annually for 5 years.
∴ A = P(1 + r%)ⁿ
where A = tuition fee after 5 years.
P = current tuition
r = rate of increase
n = period
A = $5,952(1 + 5%)⁵
= $5,952(1 + 0.05)⁵
= $5,952 × 1.05⁵
= $7,596.43
=
Answer:
2500
Step-by-step explanation:
it is a geometric progression
r=5
1) 2.4
2) 6.4
3) 7.7
4) 9.9
5) 2.8
Hope it helps <3
Just basic simplification, make 1 of the variable alone on one side
