Question

Pam paid $9500 in college expenses this year. The college projects a 6% increase in expenses next year. What dollar amount should Pam expect to pay for college expenses next year? Please show your work.

Answer 1

$9500 x 6% = 10,070
6% = $570

Answer 2

To find next year's projected cost, take the current cost and multiply it by the percent of increase, then add the product to the original cost.
9500 * .06 = 570
9500 + 570 = $10,070.
Pam should expect to pay $10,070 next year.