In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was $13,700.

What was the growth rate in tuition over the 30-year period?

Question

Carissa

Business

2 January, 19:48

In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was $13,700.

What was the growth rate in tuition over the 30-year period?

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Answers (1)

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Eliezer Lee · Answer 1

growth rate in tuition over the 30-year period = 661.11 %

Explanation:

Growth rates is define as the proportional change of a specific variable over a specific period of time, with reference to an earlier period. It is used to measure the cooperativeness of a system or a economy.

Growth rates = (final value - initial value) / initial value * 100

Growth rates = ($13,700 - $1,800) / $1,800 * 100

=661.11 %

In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was $13,700.What was the growth rate in tuition over the 30-year period?

In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was $13,700.

What was the growth rate in tuition over the 30-year period?