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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



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) About Me  (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