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%
Correct Answer:
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