The cost of tuition at a large public university was$390

Chapter 2, Problem 2.72

(choose chapter or problem)

The cost of tuition at a large public university was$390 per credit hour 5 years ago. The cost today(exactly 5 years later) is $585. The annual rate ofincrease is closest to:(a) 5% (b) 7% (c) 9% (d) 11%

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