subject
Mathematics, 29.06.2019 00:30 faithcalhoun

State university is planning a tuition raise. the dean of admissions suggests that they increase tuition by $10\%$ each year for the next two years. the provost suggests that each year they instead increase the tuition by $30\%$ of the amount of the tuition above $\$10{,}000$.
so, for example, if the tuition now is $\$25{,}000$, the dean of admissions is suggesting a $\$2{,}500$ increase in the first year. meanwhile, the provost is suggesting a $\$4{,}500$ increase (since the current tuition is $\$15{,}000$ more than $\$10{,}000$, and $30\%$ of $\$15{,}000$ is $\$4{,}500$).
the treasurer points out that the tuition two years from now (after two annual increases) will be the same under either the dean's plan or the provost's plan. what is the tuition right now? (assume the tuition is not $0$; state university is not free! )

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 18:20, OinkFred
F(n + 1) = f(n) – 8. if f(1) = 100, what is f(6)?
Answers: 1
image
Mathematics, 21.06.2019 18:30, turboslayer
In right ∆abc shown below, the midpoint of hypotenuse ac is located at d and segment bd is drawn. if ab = 12 and bc = 16, then explain why bd = 10. hint: consider what you know about the diagonals of a rectangle.
Answers: 2
image
Mathematics, 21.06.2019 19:00, victo17
The area of square garden is 300m squared. how long is the diagonal?
Answers: 1
image
Mathematics, 21.06.2019 19:10, imran2k13
The linear combination method is applied to a system of equations as shown. 4(.25x + .5y = 3.75) → x + 2y = 15 (4x – 8y = 12) → x – 2y = 3 2x = 18 what is the solution of the system of equations? (1,2) (3,9) (5,5) (9,3)
Answers: 1
You know the right answer?
State university is planning a tuition raise. the dean of admissions suggests that they increase tui...

Questions in other subjects: