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The cost of college tuition increases about 5.3% each year. If the average cost of tuition is $10,500 in 2007, find:
a function that gives the average tuition, T, as a function of the years after 2007, y, (Do not enter your answer and,
use the function to find the average cost of tution in 2017. Round your answer to the nearest dollar. (do not include the $ sign in the answer).
 Jul 15, 2013
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MathDummy:

If the average cost of tuition is $10,500 in 2007



Start value = 10500

f(y) = 10500 * (1 + 0.053)^y

[input]y=0; 10500 * (1 + 0.053)^y[/input]
[input]y=1; 10500 * (1 + 0.053)^y[/input]

2017:
[input]y=10; 10500 * (1 + 0.053)^y[/input]
 Jul 15, 2013

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