Question

The tuition at a local community college was $2156 in 1991 and $2608 in 1996. Find the rate at which tuition was increasing. Between 1991 and 1996, tuition increased at a rate of $__ per year. (Round to the nearest cent.)

Answer 1

The rate at which tuition was increasing between 1991 and 1996 is $90.40 per year.

Step-by-step explanation:

To find the rate at which tuition was increasing between 1991 and 1996, we need to calculate the average annual increase in tuition. The tuition increased from $2156 in 1991 to $2608 in 1996.

To find the average annual increase, we subtract the initial tuition from the final tuition and divide the result by the number of years between 1991 and 1996.

So the rate at which tuition was increasing between 1991 and 1996 is $<<452/5=90.40>>90.40 per year.

Tuition increased at a rate of approximately $90.40 per year between 1991 and 1996 at the local community college.