the university of california tuition in 1990 was $951 and tuition has been increasing by a rate of 2

the university of california tuition in 1990 was $951 and tuition has been increasing by a rate of 26% each year, what is the exponential formula

Let y be the number of years since 1990. We have the formula T(y):
T(y) = 951 * 1.26^y