Posted by **Joe** on Tuesday, March 22, 2011 at 3:55pm.

the tuition at a college increases exponentially. the current tuition (let it be t=0) is 36,000 and in 2 years it will be 39,690.

a) find a formula to predict the cost of tuition in t years.

Is this right? And I'm stuck at the end.

39,690= 36,000e^(kt)

11.025=e^(kt)

ln(11.025)=ln(e^(kt))

2.400=kt ??? Don't know what to do from here.

b) what is the yearly growth rate of tuition (in %)?

c)what will the tuition be in 25 years?

for this part, I think I plug 25 in for t of the formula I have not figured out in part a????

Please help! Test soon.

## Answer This Question

## Related Questions

- college algebra - 4. The yearly cost T, in thousands of dollars, of tuition and ...
- Algebra 1 - i need help working these correctly! 1. Are the inequalities 3x-4<...
- math - A college student wishes to compare tuition fee increases during the ...
- Math - Assume that the cost of a college education increases an average of 5% ...
- math - Four-year -college tuition. The average tuition at a public four-year ...
- Math - One student studied for 8 years in college and her tuition bills are ...
- algebra - Rita's tuition bill for last semester was $4360 If she paid $6052 in ...
- Finance - You plan to start an elite 2 year MBA program on September 1, 2015. ...
- college - The yearly cost T, in thousands of dollars, of tuition and required ...
- algebra - At one time, the ratio of in-state to out-of-state tuition at Texas A&...

More Related Questions