The cost of tuition at a public university was $200 per credit hour 5 years ago. The
Question:
The cost of tuition at a public university was
$200 per credit hour 5 years ago. The cost today
(exactly 5 years later) is $268. The annual rate of increase is closest to:
a. 4%
b. 6%
c. 8%
d. 10%
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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