SOLUTION: Two years ago, the tuition fee charged by a tuition centre was $400 per month. In the last two years, the fee increased by 25% per year. Find the present tuition fee

Question 870027: Two years ago, the tuition fee charged by a tuition centre was $400 per month. In the last two years, the fee increased by 25% per year. Find the present tuition fee
Answer by dkppathak(439) (Show Source): You can put this solution on YOUR website!
Two years ago, the tuition fee charged by a tuition centre was $400 per month. In the last two years, the fee increased by 25% per year. Find the present tuition fee
fee was $400 two yrs back
fee increase 25% per year
new fee will be= 400 X 1.25 X 1.25
new fee is $ 625
Answer $ 625

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