Answer:
We can conclude that tuition rates at the local community college are rising faster than overall inflation.
This is because from 2015 to 2016, the overall price level rose 10%, from 200 to 2020 (20 is the 10% of 200), while tuition rates rose 15% in the same period, from $100 to $115 (15 is obviously the 15% of 100).
Answer:
$25,080
Explanation:
Given:
Loan amount = $1,44,000
Starting Date 1 march 2021
Duration = 11 month
Interest Rate = 19%
Amount of interest =?
Amount of interest for eleven month = Amount of interest *11/12
Amount of interest = $27,360*11/12
Amount of interest = $25,080
Solution :
At every stage the formula used will be :

After the junior year, Aunt Mabel's bank balance will be :

= $ 7,322.65
Aunt Mabel's bank balance after sophomore year will be :
7,322.65 + 1000 = $ 8,322.65

= $ 8060.677
After the freshman year, bank balance of Aunt Mable's will be :
8060.677 + 6000 = $ 14,060.677

= $ 14.0606
If Aunt Mabel can predict the interest rate with accuracy, she will have to deposit :
$ 14.0606 + $ 9000 = $ 9,014.06

= $ 8,565.241