SOLUTION: the tuition has increased 20% for each of the last two years. If tuition this year is $6,000 what was the tuition 2 years ago? Round all answers to nearest dollar

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: the tuition has increased 20% for each of the last two years. If tuition this year is $6,000 what was the tuition 2 years ago? Round all answers to nearest dollar      Log On


   

Question 903435: the tuition has increased 20% for each of the last two years. If tuition this year is $6,000 what was the tuition 2 years ago? Round all answers to nearest dollar
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Last year,
T=6000%2F1.2=5000
The year before,
T=5000%2F1.2=4167