Question

Suppose that the tuition for a university is $10,000 this year and increases 4% every year. In one year, the tuition will be $10,400. Write a program using for loop that computes the tuition in ten years and the total cost of four years’ worth of tuition after the tenth year.

Answer 1

The programming language is not stated; however, I'll answer using Python programming language (See attachment for proper format)

tuition = 10000

rate = 0.04

for i in range(1,15):

tuition = tuition + tuition * rate

if i <= 10:

print("Year "+str(i)+" tuition:",end=" ")

print(round(tuition,2))

if i == 14:

print("Tuition 4th year after:",end=" ")

print(round(tuition,2))

Step-by-step explanation:

The first 2 lines initializes tuition and rate to 10000 and 0.04 respectively

tuition = 10000

rate = 0.04

The next line iterates from year 1 to year 14

for i in range(1,15):

This line calculates the tuition for each year

tuition = tuition + tuition * rate

The next 3 lines prints the tuition for year 1 to year 10

if i <= 10:

print("Year "+str(i)+" tuition:",end=" ")

print(round(tuition,2))

The next 3 lines prints the tuition at the 4th year after year 10 (i.e. year 14)

if i == 14:

print("Tuition 4th year after:",end=" ")

print(round(tuition,2))