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Nastasia [14]
4 years ago
10

Dawn Swift discovered that 20 years​ ago, the average tuition for one year at an Ivy League school was​ $15,000. Today, the aver

age cost is​ $60,000. What is the growth rate in tuition cost over this 20minus−year ​period?A. 15.5%
B. 4.2%
C. 7.18%
D. 10.6%
Business
1 answer:
KATRIN_1 [288]4 years ago
7 0

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

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Answer:

Stories  

Explanation:

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7 0
3 years ago
In addition to their illegal methods of gaining land in Central America, what other mistake did the United Fruit Company make, w
trasher [3.6K]

The rapid spread of the banana fungus was caused by monocropping and not quarantining farm machineries and crops.

<h3>What is Quarantine?</h3>

This process involves the isolation of certain materials so as to prevent the spread of diseases.

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Read more about United Fruit company here brainly.com/question/8749028

5 0
2 years ago
__________ conflict management norms resolve conflict openly, whereas __________ conflict management norms tend to avoid address
Valentin [98]

Answer:

_active_conflict management norms resolve conflict openly, whereas _passive_ conflict management norms tend to avoid addressing conflict

6 0
3 years ago
Per capita GDP of a country is the_____ divided by the_____
Art [367]

Answer: Per capita GDP of a country is the total quantity of goods produced divided by the number of citizens.

Explanation:

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The GDP  is an economic indicator that reflects the relationship between the income level of a country and its population.

I hope the answer has served you!

Regards,

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6 0
4 years ago
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13
Maru [420]

Answer:

Null hypothesis: The mean price of restaurant meal is the same as fixing a comparable meal at home.

Alternate hypothesis: The mean price of restaurant meal is less than fixing a comparable meal at home.

Explanation:

A null hypothesis is a statement from a population parameter which is either rejected or accepted (fail to reject) upon testing.

An alternate hypothesis is also a statement from the population parameter that negates the null hypothesis and is accepted if the null hypothesis is proven false.

8 0
3 years ago
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