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1. Explain how a polynomial can be applied to a situation with a fixed percent rate of increase. 2. Explain how to use a expression and the 6% rate of increase to estimate shenequas tuition in the 4th year if her tuition was 3430 in the 3rd year.
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Explanation & Answer
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A = P(1+r/100) where P is the principal r is the percent and A is the amount
A = 3430*(1+6/100) =3430*1.06= $3635.8
4th year tuition = $3635.8
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