2 years ago

The cost of tuition at a college is $12,000 and is increasing at a rate of 6% per year; 4 years.

Mathematics

1 answer:

Mekhanik [1.2K]2 years ago

8 0

Answer: $2880

Step-by-step explanation:

I = P • r • t

I = 12000 • 0.06 • 1460/365 (I used 1340/365 because there are 365 days in a year. 4 years = 1460)

I = 2880

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The cost of tuition at a college is $12,000 and is increasing at a rate of 6% per year; 4 years.