Suppose the tuition at a community college is currently $115/credit hour. If the tuition is increased by 7%, what is the new tuition rate?
What was the multiplier you used?
I multiplied $115 x 1.07 to get a new rate of $123.05
So would I say the multiplier was 1.07? I'm not familiar with this term, multiplier
You're right.
Check this
http://www.google.com/#q=multiplier
thank you Ms. Sue!
You're welcome, Marcus/Felicia/Marina.
After this, please use the same name for your posts.
Yes, you are correct. In order to calculate the new tuition rate after a 7% increase, you can multiply the original tuition rate by 1.07. The term "multiplier" refers to the number by which you are multiplying the original value. In this case, the multiplier is 1.07 because it represents a 7% increase in the original tuition rate.
To calculate the new tuition rate, you can use the following formula:
New Tuition Rate = Original Tuition Rate x (1 + Percentage Increase/100)
In this case, the original tuition rate is $115 and the percentage increase is 7%. So, you can substitute these values into the formula:
New Tuition Rate = $115 x (1 + 7/100)
= $115 x (1 + 0.07)
= $115 x 1.07
= $123.05
Therefore, the new tuition rate after a 7% increase is $123.05.