Answer:
The required equation is
where y is the cost of tuition t years after 2000 in dollar.
The cost of tuition for this college in 2025 is $26258.49.
Step-by-step explanation:
Given that, a college's tuition has risen 4% each since 2000.
The tuition fees in 2000 was $9,850.
The exponential growth formula:
a= initial value
r= growth rate
t= time.
Here a= $9,850, r=4%=0.04
The equation of the tuition is
where y is the cost of tuition in dollar.
In 2025, t= (2025-2000)=25 years.
Then the value of y when t=25 is
=$26258.49
The cost of tuition for this college in 2025 is $26258.49.