Question

The current tuition fee at a certain college is $1400. Next yearthe fee will increase by 3%. How much will the fee increase? Writeyour final answer in a full sentence

Answer 1

The tuition fee at the college will increase by $42 next year.

Step-by-step explanation:

The current tuition fee at a certain college is $1400. Next year, the fee will increase by 3%. To calculate the increase, we can use the formula:

Increase in fee = Current fee * Increase rate

Plugging in the values, we have:

Increase in fee = $1400 * 0.03 = $42. Therefore, the fee will increase by $42.