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The average tuition for a four year university was $7,613 in 2010. Average tuition increased to $8,244 in 2011. What was the percent increase in tuition from 2010 to 2011

Sagot :

MrRoyalidn

Answer:

[tex]\%Increase = 8.29\%[/tex]

Step-by-step explanation:

Given

[tex]Initial = \$7613[/tex]

[tex]New = \$8244[/tex]

Required

Calculate the percentage increase

This is calculated using:

[tex]\%Increase = \frac{New - Initial}{Initial} * 100\%[/tex]

[tex]\%Increase = \frac{8244 - 7613}{7613} * 100\%[/tex]

[tex]\%Increase = \frac{631}{7613} * 100\%[/tex]

[tex]\%Increase = \frac{63100}{7613}\%[/tex]

[tex]\%Increase = 8.29\%[/tex] --- approximated

Hence, the percentage increase is 8.29%

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