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5. SUNY Cobleskill now costs $22,000 to attend for one year. Twenty years ago, it only cost$6,000. What is the annual rate of increase?
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5. SUNY Cobleskill now costs $22,000 to attend for one year. Twenty years ago, it only cost$6,000. What is the annual rate of increase?

User Ronencozen
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3 votes

Answer:

Step-by-step explanation:

From the information given,

initial cost = $6,000

new cost = $220,000

change in cost = 22000 - 6000 = 16000

User Iceagle
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