SOLUTION: the tuition at a certain college was $25228 last year and increased 5.7% from last year to the current year. How much is this year's tuition?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: the tuition at a certain college was $25228 last year and increased 5.7% from last year to the current year. How much is this year's tuition?      Log On


   

Question 339543: the tuition at a certain college was $25228 last year and increased 5.7% from last year to the current year. How much is this year's tuition?
Answer by nyc_function(2741) About Me  (Show Source):
You can put this solution on YOUR website!
Last year's tuition = $25,228
Percent increase = 5.7%
Let T = current year's tuition
NOTE: I selected the letter T but you can use letter of choice.

We write 5.7% in decimal form. It turns out to be 0.057.
Then $25,228 times 0.057 = $1437.996
T = $25,228 + $1437.996
T = $26665.996
T = $26,665