Question

Your college tuition is $25,000 and it increases by 6% each year.

Answer 1

Your collage tuition will increase by $1,500 each year.

Explanation:

To find the answer we will first turn 6% to a decimal by dividing 6 by 100 and we get 0.06. Now multiply $25,000 by 0.06 and we get $1,500. Therefore the answer is $1,500.