Math Problem Statement
Solution
The problem in the image states:
Tuition Increase: The yearly tuition at a college is presently $4,000. Next year it is expected to increase by 14%. What will the tuition at this school be next year?
We can calculate the increase and the new tuition with the following steps:
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Calculate the increase amount:
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Add the increase to the current tuition:
Thus, the tuition next year will be $4,560.
Would you like further clarification or additional details?
Here are some related questions for deeper understanding:
- What would the tuition be in two years if the same percentage increase occurred?
- How would the tuition change if the percentage increase were 10% instead of 14%?
- What is the formula for calculating a percentage increase in any amount?
- How can you calculate the original price if you know the increased price and the percentage increase?
- If the percentage increase were compounded over several years, how would that affect the tuition?
Tip: Always double-check your calculations when working with percentages to avoid errors!
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Math Problem Analysis
Mathematical Concepts
Percentage Increase
Basic Arithmetic
Formulas
New Value = Old Value + (Percentage Increase × Old Value)
Theorems
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Suitable Grade Level
Grades 6-8
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