In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was

Question

GuDViN [60]

2 years ago

8

In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was

$13,700.
What was the growth rate in tuition over the 30-year period?

Business

2 answers:

kolezko [41] · Answer 1 · 2022-08-02T06:53:29+03:00

kolezko [41]2 years ago

5 0

Answer:

5%

Explanation:

Ronch [10] · Answer 2 · 2022-08-02T05:12:21+03:00

Answer:

growth rate in tuition over the 30-year period = 661.11 %

Explanation:

Growth rates is define as the proportional change of a specific variable over a specific period of time, with reference to an earlier period. It is used to measure the cooperativeness of a system or a economy.

Growth rates =( final value- initial value)/ initial value * 100

Growth rates = ($13,700 - $1,800)/$1,800 *100

=661.11 %