Suppose that the tuition for a university is $10,000 this year and increases 5% every year. In one year, the tuition will be $10,500. Write a program that displays the tuition in 10 years and the total cost of 4 years worth of tuition starting after the 10th year.
LANGUAGE: Python
CHALLENGE:
Suppose that the tuition for a university is $10,000 this year and increases 5% every year. In one year, the tuition will be $10,500. Write a program that displays the tuition in 10 years and the total cost of 4 years’ worth of tuition starting after the 10th year.
SOLUTION:
tuition = 10000
tuition_10 = tuition * (1.05 ** 10)
print("Tuition in 10 years is ${:.2f}".format(tuition_10))
total = 0
for i in range(4):
total += tuition_10
tuition_10 *= 1.05
print("Total cost of four years is ${:.2f}".format(total))