The cost of tuition at a college is $12,000 and is increasing at the rate of 6% each year. Use exponential function to find the tuition cost after 4 years.

The cost of tuition fee after 4 years is $15,149.72.

Step-by-step explanation:

Exponential function:

A= the amount after n years

P= Initial amount

r= rate of increasing

n= time in years

The cost of tuition at a college is $12,000. It is increasing at the rate of 6% each year.

Here, P= $12,000, r= 6%= 0.06, n= 4 years.

        =$15,149.72

The cost of tuition fee after 4 years is $15,149.72.

1e+27

step-by-step explanation: