In 1990, the cost of tuition at a certain private high school was $3870. By 1997, it has risen approximately 118%. What was the approximate cost in 1997?
1 Answer
Feb 12, 2018
See a solution process below:
Explanation:
The formula for finding a new cost based on a percentage increase is:
Where:
Substituting and calculating
The approximate cost in 1997 would have been: $8,437