Suppose the cost of college tuition is expected to increase 5% every year. how much will the tuition at a community college cost in 5 years if it currently costs $5,952 per year? (remember, the formula is a = p(1 + r)t.)

Alright, lets get started.

Current tution fee this year = $ 5952 means P = 5952 $

tuition is expected to increase 5% every year means r = 5%

As mentioned in question, tution fee is getting increased yearly means n = 1

So, after 5 years, total fees will be

So, the tuition at a community college cost in 5 years will be  $7596.4    :    Answer

Hope it will help :)