In 1995 the average tuition for one year at a 4-year institution was $4,500. Twenty four...
In 1995 the average tuition for one year at a 4-year institution was $4,500. Twenty four years later, in 2015, it had risen to $27,200. What was the growth rate in tuition over this 24-year period?
|
7.37% |
||
|
7.54% |
||
|
7.78% |
||
|
7.95% |
||
|
8.16% |
Homework Answers
Answer - Growth rate = 7.78%
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