Answered

Get detailed and accurate answers to your questions on IDNLearn.com. Discover prompt and accurate answers from our community of experienced professionals.

In the news you hear “ tuition is expected to increase from the current cost of $1,050 to $2,050 over the next ten years.” This represents a __% increase from the current tuition.

Sagot :

According to the information given in the exercise, the tuition is expected to increase from $1,050 to $2,050 over the next ten years.

Then, you need to use the following formula in order to solve this exercise:

[tex]Percentage\text{ }Increase=\frac{Final\text{ }value-Initial\text{ }value}{|Initial\text{ }value|}\cdot100[/tex]

In this case:

[tex]\begin{gathered} Initial\text{ }value=1,050 \\ Final\text{ }value=2,050 \end{gathered}[/tex]

Therefore, substituting these values into the formula and evaluating, you get:

[tex]\begin{gathered} PercentageIncrease=\frac{2,050-1,050}{|1,050|}\cdot100 \\ \\ PercentageIncrease=95.24 \end{gathered}[/tex]

Hence, the answer is: 95.24% increase.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.