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Question

Last year, a college's tuition was $45,000. This year, the tuition increased by 4%. Find this year's tuition by using a percent greater than 100.

Answer 1

Janae,

 

Last year's tuition is $45,000

 

It increased by 4%, so the new tuition is (1+4/100)*45000 = 104/100*45000 = $46,800