Lakewood University charges $52,000 for tuition. If they raise their tuition by 10% each year, how much will tuition be in 9 years?

If necessary, round your answer to the nearest cent.

Question

Mathematics

Damian Hodge

11 April, 23:30

Lakewood University charges $52,000 for tuition. If they raise their tuition by 10% each year, how much will tuition be in 9 years?

If necessary, round your answer to the nearest cent.

+1

Answers (1)

Know the Answer?

Shiloh Stevens · Answer 1

1.) $52,000 (0.1 or 10 percent) = $5,200

2.) $5,200 (9 years) + $52,000 = $46,800 + $52,000 = $98,800

3.) In nine years, Lakewood University will charge $98,000 for tuition.

Lakewood University charges $52,000 for tuition. If they raise their tuition by 10% each year, how much will tuition be in 9 years?If necessary, round your answer to the nearest cent.

Lakewood University charges $52,000 for tuition. If they raise their tuition by 10% each year, how much will tuition be in 9 years?

If necessary, round your answer to the nearest cent.