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QUESTION 11 In 1990 the average tuition for one year at a 4-year institution was $3,500. Twenty years later, in 2010, it had risen to
QUESTION 11 In 1990 the average tuition for one year at a 4-year institution was $3,500. Twenty years later, in 2010, it had risen to $21,200. What was the growth rate in tuition over this 20-year period? 13.7396 O 11.9296 O 10.5296 9.42% O 8.5396 QUESTION 12 You deposit $100 in an account that pays 6 percent annual interest, compounded quarterly. What will your deposit grow to in 3 years? O $119.56 $134.69 $ 170.91 O $ 192.53 $ 216.89
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