SOLUTION: Problem: Shenequa has narrowed her choice for which college to attend. She is most interested in Allegheny College, where the current year's tuition is $3430. She assumed that the

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Question 1068669: Problem: Shenequa has narrowed her choice for which college to attend. She is most interested in Allegheny College, where the current year's tuition is $3430. She assumed that the tuition will increase at a rate of 6% per year.
Can you help me explain/solve on how to use an expression and the 6% rate of increase to estimate Shenequa’s tuition in the fourth year by using polynomials to represent the increasing tuition costs.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
First year : T%5B1%5D=3430
Second year : T=T%5B1%5D%281%2Bi%29=3430%281%2B0.06%29=3430%281.06%29=3635.80
Third year : T=T%5B1%5D%281%2Bi%29%5E2=3430%281.06%29%5E2=3853.95
Fourth year : T=T%5B1%5D%281%2Bi%29%5E3=3430%281.06%29%5E3=4085.18