Question: computing percentage increases and decreases in a baseline quantity B: F = (1 + p)B 1. Tuition at school for a Chicago resident was $14,

computing percentage increases and decreases in a baseline quantity B: F = (1 + p)B

1. Tuition at school for a Chicago resident was $14, 664 in 2016. In 2021, this number has risen to $16, 392. Find the percentage increase in in-state tuition at school in the last five years.

2. If, in the next five years, tuition at school for Chicago residents increases by the same percentage as it has over the last five years, what will be the in-state tuition in 2026?

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