Dawn Swift discovered that 20 years ago, the average tuition for one year at an Ivy League school was $4,500. Today, the average cost is $29,000. What is the growth rate in tuition cost over this 20-year period? Round off to the nearest 0.1%

A) 15.5%
B) 4.2%
C) 9.8%
D) 10.6%


Answer: C

Business

You might also like to view...

When rights under a contract are transferred, this is called a delegation.

Answer the following statement true (T) or false (F)

Business

How will an organization use its transportation driver if it focuses on a highly efficient supply chain?

A. Increase the price of its products by using slower, less expensive transportation methods. B. Decrease the price of its products by using slower, less expensive transportation methods. C. Increase the price of its products by using faster, more costly transportation methods. D. Decrease the price of its products by using faster, more costly transportation methods.

Business

ERP represents a(n) adaptive technology

Indicate whether the statement is true or false

Business

Securitization is a new financial vehicle developed by bankers in the early 2000s to distribute risks and increase earnings during the housing bubble

Indicate whether the statement is true or false.

Business