Question

The yearly cost for residents to attend a state university has increased exponentially from $2,500 to $9,000 in the last 5 years.

a. To the nearest tenth of a percent, what has been the average annual growth rate in cost?

b. If this growth rate continues, what will the cost be in 5 more years?

Answer 1

A The answer should be 52% B The answer should be $15,500

Explanation:

A Subtract the higher value by the lower value which is $6,500. Then divide the starting tuition by the growth rate which ends up being 52%. B Add the change found in A and continue to add. Hope this helps!!

Answer 2

A. r=11.6%

B. $5200 to $9000

Explanation: