The cost of tuition at a public university was $200 per credit hour 5 years ago. The

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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  book-img-for-question

Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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