Question

Aneesha determined that the cost of attending her public four-year college in her first year will be $6,220. If the average cost is expected to increase by 6%, what will be the cost of attending her second year in college?

$6,226.00

$6,257.32

$6,593.20

$6,820.00

Answer 1

The answer is C)$6593.20

Explanation:

6220 x 1.06 = $6593.20

Answer 2

Since it increases by 6%, that means you times the amount by an EXTRA 6%. I.e. 6220 x 1.06 = $6593.20