Given data:
The tuition fee for a private high school = $26,378
The increase in the rise = 4%
To find the tution fee in 10 years.
use the formula,
[tex]A=P_0(1+\frac{r}{n})^{nt}[/tex][tex]\begin{gathered} p(t)=26378(1+\frac{0.04}{1})^{1t} \\ p(7)=26378(1.04)^7 \\ =26378\cdot1.48 \\ =39045.88 \end{gathered}[/tex]The tutuion fee after 10 yeras is $ 39046.
