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The function y=15,000(1.10)xmodels the cost of annual tuition at a local college, x years after 2000. How much will tuition be in 2025?

Sagot :

Answer: [tex]162,520.588[/tex]

Step-by-step explanation:

Given

The function [tex]y=15,000(1.1)^x[/tex] models the cost of tuition fees after year 2000

In year 2025 that is 25 years after 2000, fees can be given as

[tex]\Rightarrow y=15,000(1.1)^{25}\\\Rightarrow y=15,000\times 10.834\\\Rightarrow y=162,520.588[/tex]

Thus, the fees in year 2025 is [tex]162,520.588[/tex].

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