Math Problem Statement

A state university's board of directors approved an 8.5% tuition increase for next year. If the current annual tuition is $9,185, what will the tuition be next year?

Solution

The problem states that there is an 8.5% tuition increase for next year, and the current tuition is $9,185. To find the tuition for the next year, we can use the following calculation:

New Tuition=Current Tuition×(1+Increase Percentage100)\text{New Tuition} = \text{Current Tuition} \times (1 + \frac{\text{Increase Percentage}}{100})

Substituting the given values:

New Tuition=9185×(1+8.5100)\text{New Tuition} = 9185 \times (1 + \frac{8.5}{100})

Let me calculate that for you.The tuition for next year will be $9,966 after the 8.5% increase.

Do you want more details or have any questions? Here are five related questions to further explore this topic:

  1. What would the tuition be after a 10% increase?
  2. How much is the total increase in dollar amount compared to the current tuition?
  3. What percentage increase would lead to a tuition of $10,000?
  4. How would the tuition change if the increase was only 5% instead of 8.5%?
  5. What would the tuition be after a 15% increase over two years?

Tip: To calculate percentage increases quickly, always convert the percentage into a decimal by dividing by 100, then multiply it by the original value.

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Math Problem Analysis

Mathematical Concepts

Percentage increase
Basic multiplication

Formulas

New Tuition = Current Tuition × (1 + Increase Percentage / 100)

Theorems

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Suitable Grade Level

Grades 6-9