In his first school year, leo contributed $13,468 toward college expenses. in his second school year, the expenses are expected to increase by 4%. what is the approximate minimum amount leo should expect to contribute in his second school year?

Question

Mathematics

Damon Cain

28 July, 11:57

In his first school year, leo contributed $13,468 toward college expenses. in his second school year, the expenses are expected to increase by 4%. what is the approximate minimum amount leo should expect to contribute in his second school year?

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Answers (1)

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Christian Merritt · Answer 1

To find the amount to add to the previous year, you simply divide the percent by 100 and take that number to multiply with the tuition of the previous year.

4/100=.04

.04*13468=538.72

to get you final answer, you add the two together.

13,468+538.72=14,006.72

So his new expense would be $14,006.72.