Answer: [tex]162,520.588[/tex]
Step-by-step explanation:
Given
The function [tex]y=15,000(1.1)^x[/tex] models the cost of tuition fees after year 2000
In year 2025 that is 25 years after 2000, fees can be given as
[tex]\Rightarrow y=15,000(1.1)^{25}\\\Rightarrow y=15,000\times 10.834\\\Rightarrow y=162,520.588[/tex]
Thus, the fees in year 2025 is [tex]162,520.588[/tex].
